Indusindbk Short below 1471
Risk 1.29% And Reward 4.42%
RR Ratio 1: 3.42
Bearish Continuation Pattern
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.