Analysis - Facing Resistance at MA 200Facing resistance at MA 200.
Might follow the same or might break and change the trend!
Worth keeping a watch!
Dynamicresistance
INDUSIND BANK LIMITED EDUCATIONAl IDEADaily chart making Lower Highs, expecting more downward momentum for September series.
Trade Plan :-
- Only consider shorting/buying put options if close below 1400.
- If above condition satisfied, Buy 1350 put option for September expiry (CMP 45). Target - 57 / 66 / 70.
- Keep SL if daily close of spot above 1450.
- View negated if price closed above 1450 before entering.
Enter and exit only based on above conditions.
P.S :- This is published only in interest of educational purpose.
