Indusind bank is hovering just below its previous broken trendline. The stock is in a 15min correction just below the trendline indicating a potential drop. This trade has a good risk-reward ratio with a tight stoploss.
Entry - Only after 1385 has been broken to the downside.
Stop - 1410
Target 1 - 1351
Target 2 - 1312
This content is for information...
Buy ITC 268 above is not worry for target 278 nearby and if the cross and close above 278... then spike up to 286-292.
This stock is really good for investors. Let me show you the daily chart with projection.
Nifty closed at Resistance 11925 with double top formation.
If everything is fine, then the target will 11966 above and support can work as 11885 intraday.
Suppose to anything change, you will get ALERT/ NOTIFICATION if you hit LIKE button.
Long side trading preferable with using strictly protective stop.
BankNifty closed at support.
Last hope at 29211.
Trendline support 29395 - 29450
Even if the trend channel is continuing, and the following possibilities still exist;
1) Gravitate price will attract the value, so long traders have target 29977.
2) The support at 29395-29450 will push the nifty toward to 29700.
3) Last hope at 29211, if bank nifty slip to that...
In last update, We have book good amount of profit from the option trade:
Comment: BUY PUT OF NIFTY strike 11700 70-76 with stoploss 65 and targets 121-148 (CMP 79) wait for range
8 hours ago
Comment: start booking on NIFTY PUT... CMP 102
Click here for last update:...
The right side of NIFTY chart, we have found that price rotation and higher trading activities plotted it by using a rectangle. Price value gravitating by control value. Suppose, it's true then, nice can move upto 11780 again. above 11626 we can think the bullish for the short term.
Price ration between buyers and seller are in the range of 11598-11678 appeared....