IDUSB trade ideas
Indusind Bank - Rising Channel | SWINGStock has been trading in parallel channel since many months. It has touched lower TL today and bounced. It can continue the bounce in coming days and start another rally.
However if it breaks the Trendline then good to short the stock
Can consider for Intraday as well.
Inverse Head And Shoulders Pattern in IndusInd Bank Hourly Inverse Head and shoulders pattern formed in IndusInd Bank in hourly TF
Breakout already done and one can initiate long position around 975 - 978 during retest and SL as slightly below RSH mentioned in chart target of 1035 - 1040.
1. IHS neckline breakout done
2. Breakout with good volume
3. RSI above 60 level
4. Multi year support after breakout
5. Closing the position at target price or TSL would be better risk reward(1:2)
Note: Its my personal idea and not for anyone to trade based on above