IDUSB trade ideas
good bull pattern is IndusInd bankthese kind of chart patterns are the best to take an positional trade we can go long on this and can be a good bull run in upcoming sessions, take trade at your own risk and manage your own risk, this is just for educational purpose, we can buy at the days end what ever the price is but should be above the trend line or else we will not take any entry,
i will be shorting far out of the money puts and at the money puts for Mondays sessions, plan the trade according your risk apatite.
[ INTRADAY ] INDUSINDBK LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Indusind Bank Long SetupBounced back from strong support levels. Made Inverse Head and Shoulder (reversal) Pattern near support. Breakout with good volumes. Retest done. Taking support from 50 day moving average. May touch 200 &100 SMA around 1000. Looks good for a short term swing trade. Any strong close above 200 SMA may lead towards 1100 levels. An your trade accordingly.
INDUSIND BANK LONGNSE:INDUSINDBK
Given beautiful breakout from W pattern and retraced, Good time to enter with suitable RRR.
Risky traders enter now
Who wants to play safe can enter above 970
SL 942
Target 1:2 at least
Note: It's only for educational purposes, I'm not SEBI registered guy.
Ping me if you have any doubts or analysis
strong closing,(W pattern ) As stock formed a proper bullish double bottom according to patterns which namely called W pattern after a small correction if it breaks the level of 995 we can accept a big move for long term till 1045 .
this is only educational purposes only do your own analysis and invest wisely happy investing;