multiple supports and resistance...strong only 1360
SYMMETRICAL TRIANGLE FORMATION IN INDUSIND BANK JAN FUTURES PATTERN IS VISIBLE IN THE DAILY CHART HAS A NEARBY RESISTANCE AND SUPPORT VOLATILITY AFTER RESULTS SHOULD NOT BREACH THIS LEVELS !!PLEASE NOTE THAT!! BREAKING OUT OF PATTERN ON FINANCIAL RESULTS ALWAYS RESULTS IN CLEAR DIRECTION AND TREND FOR MEDIUM TERM!! !!TODAYS BREAKOUT WILL BE A DIRECTIONAL...
Roller coaster or one way direction on result day..! Note : Not for trading Advice - New traders or Safe traders dont touch the result rallies..!
#BANKNIFTY for me risk reward i see good on long side , thus its better for me to go long with stop below 24800.
Enter Long in INDUSINDBK above 1874 Target - 1880, 1886,1892 & 1900 Sl- 1863
Enter Short Below 1898 Target - 1890, 1885 & 1870 Sl- 1911
Chances of volatility is probably high on any result/earnings day. Better to know the resistance and support levels if anyone is trading with these stocks so that the enter/exit points are known and stop loss can be calculated in advance to avoid losses/make gains.