RISING CHANNEL IN INDUSINDBANK
Indusind bank takes the support at lower trend line and forms the Morning star pattern.
To confirm this reversal volume also increasing and Reversal takes place at 38.2% Fib level.
This is the high probability trade with RR ratio of 1 : 3.5
Place your SL below the swing low of 784 and place your 1st target 982 and 2nd target as 1075.
Before enter the trade do your own analysis and it follows your criteria, Give entry with strict SL. Because from Tomorrow Budget will be announce, we don't know how market reacts to it. Be cautious.
Thanks for watching,
Best regards.
Nithin :)
