I would greatly appreciate , if you give me LIKE .
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Idea is for positional trading not Intraday trading.
Indusindbk Short below 1471
Stop-loss 1490
Target 1406
Risk 1.29% And Reward 4.42%
RR Ratio 1: 3.42
Bearish Continuation Pattern
Descending Triangles
In this “flat-bottom” triangle, the bottom trendline is horizontal and the top trendline slopes downward. The pattern illustrates lows occurring at a constant price level, with highs moving constantly lower.
I think indusind bank has been in a symmetric traiangle and is looking for a breakout.. Either side but as per my thought I thik it will give break on the down side first and then might rally so looking for a bearish breakout. You got any dought comment.
NSE:INDUSINDBK
Based on my xMRSI-Progresser predictive trading methodologies, its going to be a RED candle on 05-Oct-2018 for INDUSINDBK
Sell Below(5Min candle close): 1585.5 for targets -
T1: 1573.6
T2: 1566.5
T3: 1559
SL: 1598.2
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you...
INDUSIND BANK is trading near to 300 EMA and also in oversold zone as per RSI.
Here is an opportunity to make long or short the IndusInd Bank. Below are the stats for your consideration:
Buy Side Stats:
CMP: 1762.45
Buy above: 1760
SL: 1750
TGT: 1810
Sell Side Stats:
CMP: 1762.45
Sell below: 1750
SL: 1760
TGT: 1660
Note: Do not trade without Stop Loss
