IDUSB trade ideas
indusind banka movement of 7 waves in Indusind bank which may be a double zig-zag.
last wave named as Y , in this wave it is making 5 impulsive wave.
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5th impulsive wave may end near 570-578
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Buy @ 543 with target 577.90
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INDUSINDBK chart analysis for 1st Mar 2021 [READ THE DESCRIPTIONINDUSINDBK chart analysis for 1st Mar 2021
READ THIS: NONE of the analysis has failed so far. I am posting 10 a day. You can check the history.
1. Check the levels and analysis.
2. If you are new, trade in low quantity or trade with virtual currency: https://trading (DOT) kaivalya (DOT) digital.
3. If (or when) the stock moves 50% in our direction, start booking partial profits. This is very important as the stocks, a lot of times, show a reversal.
3. After the day ends, come back and play back the candlesticks , if you haven't traded. Check if the levels hold.
4. Hit that like button and comment if you find the analysis is holding.
IndusIND bank, view no one talks about.IndusInd bank is in a downward trend for the long term way before the pandemic although a short-term view at the stock suggests upward momentum.
Can go long if the trend is broken upwards, a resistance from the trend means one can short.
1200 acts as a crucial part of the stock.
Good quarterly results will definitely boost the possibilities of achieving a target of 2000.
Disclaimer: All charts are purely for educational and information purposes only. Invest or Trade at your own risk.