IndusIndBank seems to be one of them.
- High Beta Stock (one of my personal favorites to trade on a trending day)
- Consolidation right below a defined (1017-1025). Tested the range twice in the last 7 days.
- Kinda Risky since a clear target is not visible above the zone intraday (at least to me. Feel free to put out your targets. Everyone's here to learn ;) ).
- Ideal case, around 2% upmove from above the zone to hit 1050 levels. (Ambitious yes. But Could be a great day for banks judging by the setups of the other banks in which case a high beta stock such as this could hit our targets).
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
It has broken down from the ascending triangle formation.
Waiting for a clear direction. Slightly bullish as long as it keeps close to the resistance zone
The levels maybe used for intraday purposes. Still waiting for a confirmation (breaking that current channel) for any clear direction at the moment.
Do let me know your ideas. Cheers.
Hopefully, will break the channel and the subchannel (1038) in the next session