If the price breaks the last fractal top, go long.
Enter using Stop Loss limit order with the given levels in chart. ( CNC )
This buy signal automatically cancelled if another UP fractal is formed.
Vice Versa for short.
Monthly: After forming multiple dojis, the price broke below the weak support indecisively. A weak hammer can be seen forming in Oct. A little bounce to test that zone can be seen this month.
Weekly: Price is making LHs and LLs. Last two candles show rejection of resistance.
Daily is in nice uptrend. We need a clear break from the Daily TL and price to...
RESPECTING CHANNEL LINE IT HAS TOUCHED LOWER LINE SO IT SHOULD NOW HEAD FOR UPPER TREND LINE TARGET IS GIVEN WITH ARROW BUT IF LOWER LINE BREACHED ON CLOSING BASIS TARGET FOR SHORT ALSO GIVEN WITH ARROW IF BULLISH CROSSOVER OCCURS IN STOCHASTIC AS MENTIONED WITH WHITE RECTANGLE THIS WILL THEN BE BULLISH DIVERGENCE AND WILL CONFIRM UPTREND GOOD LUCK
NOTE: TRADE AT...
IT IS RESPECTING CHANNEL LINE GO SHORT A LITTLE TARGET MARKED WITH ARROW STRICT STOP LOSS IS UPPER LINE SHOULD NOT BE BROKEN ON CLOSING BASIS
NOTE: FOR EDUCATION PURPOSE ONLY
IT HAS FORMED NEW CHANNEL LINE AND RESPECTING IT ONCE UPPER LINE IS BROKEN WITH GOOD VOLUME GO LONG TARGET IS GIVEN BUT EXPONENTIAL MOVING 100 IS STRONG RESISTANCE ONCE CLOSES ABOVE IT WE ARE GOOD FOR LONG UNTIL THEN IT MAY KEEP MOVING IN THIS CHANNEL GOOD LUCK
After consolidating at the level of 1280-1300, the bank is moving to test the upper levels of 1430-1460 levels by trying to beat the current levels of 1360.
Indusind Bank (Monthly) On higher timeframe charts we observe that the counter has breached an important support trendline and the recent headwinds faced in select Private banks are beginning to impact the Banking space and could lead to some swift declines. After the long term support trendline was decisively breached in June the charts formed a doji for the last...
