BO TRADE
INDBANK
Looks Good ABOVE 54
SL 45
Target 59-64-70-85
Hold few months
Please consult your financial advisor before investing
All research for educational purposes only.
INDBANK MERCH
CMP : 56
Best : 52-53
Support : 46
Seems like falling wedges breakout on daily TF.
RSI at 63, indicates strength.
Volumes spiked up.
Stocks closes above 10, 21, 40 DEMA.
No buy / Sell Reco.
Please do your own analysis or consult your advisor.
NSE:INDBANK
Cmp : 30.20
Entry : Cmp or Closing above 31
Target : 7%+ Always
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
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Disclaimer: All the information posting on this page are for the educational...
You can see a, symmetrical triangle formed, which is a bullish sign, if the candle breaks the resistance, one can enter the trade and now the question is, when to Exit? So you can exit near Rs35 to Rs37, Don't forget to place stop loss, @ Rs31.85. Depend how much you can risk.
NOTE: This is only for Educational purpose only, not a Financial Tip. Trade according to...
Failling divergence in INDBANK. Was good for long position for a 1:1 R:R, but unfortunately I missed the trade. ☹️
However, 38.5 is the strong resistance and looking at the RSI probably it will retrace from there.
This is not a trade recommendation. I missed the trade but still sharing the view.
Any suggestions are welcome. :)
