INDUSINDBK
INDUSINDBK CAN BE IN THE UPWARD CHANNELINDUSINDBK CAN BE IN THE UPWARD CHANNEL AND TRY TO RE-ENTER THE ZONE FROM WHICH IT BROKE DOWN
TRY TO OBSERVE THE CHANNEL AND MAKE PROFIT IN INTRADAY
FOR INTRADAY SELL BELOW 366 FOR TARGET TO THE CHANNEL LOWER TRENDLINE BUT
FOR POSTIONAL LET IT FIRST ENTER THE ZONE
INDUSIND BANK RANGE RE-ENTRY EAGER FOR PULLBACK RALLYSTOCKS ON RADAR TODAY
INDUSIND BANK RANGE RE-ENTRY
-STOCK HAD RECENTLY BROKEN ITS UPWARD TRENDLINE
-FROM THE LEVELS OF 416 THE STOCK HIT A BOTTOM OF 330
-NOW WHAT WE ARE SEEING NOW IS A PULLBACK RALLY CAN CLIMB UPTO 415
-THERE IS A GOOD RANGE FOR THE STOCK BETWEEN 368-486
-STOCK CAN FIRST TEST 415 AND IF BREAL THEN
-TARGETS ARE:-428-435-447-478
-STOP WOULD BE AT 354.85
-POSTIONAL TRADE "BUY ON DIPS" RECOMMENDATION
SHORT - INDUSIND BANKShort Indusind Bank at 468 with SL at 500 and Target of 375.
Disclaimer : I am not a SEBI registered investment advisor. All views expressed are for educational purpose only. Kindly consult you financial advisor before trading or investment. I may or may not have position in the stocks described for trading or investment view.