INDIANB trade ideas
INDIAN BANK - Bullish Shark - 2H TFBullish Shark pattern on 2H Chart of INDIAN BANK. BUY 253-254, SL - 249.6, Target(s) - 258, 260.
I starting learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s), SL and entry levels.
Indian Bank : Negative DivergenceSell on rise at 277-278 SL 280.50 TGT 268-265.
It is showing 1_2-3 type negative divergence on RSI.
Indian bank - bullishIt has formed double dozi on daily chart. If it sustains above 259, it can move to 268 easily.
INDIAN BANK - Bullish Bat - 4H TFBullish Bat pattern on 4H Chart of Indian Bank. BUY 244-246.
I just started learning Harmonics, so I don't know how to calculate Target(s) & SL, yet/
Long Trade Set UpI am Looking this has completed and one cycle of 3 wave pattern forming Wave (W) in down ward trend
After completing (W) its forming in 3 wave pattern within its internal structure which leads to Confirmation of its an
Corrective pattern in ongoing corrective phase and it has completed wave a, & b and its on the way to finish its wave c of 5 wave moves with the entire structure
its about to end its wave 4 of C and it will high likely move till 322 forecast target
I am not looking beyond the forecast target as visually its still looks like an corrective structure
one can wait for daily reversal and look for going long with stop below the reversal candle for this short range move
Look for buying May Futures contracts in coming week so one can book profits when it hits the target
POSITIONAL TRADE IN INDIAN BANK APRIL (FUT)POSITIONAL TRADE IN INDIAN BANK
WEEKLY RANGE BREAKOUT LIKELY
CLOSE ABOVE 274 WILL ASSURE US 0F 200-DMA BREAK
APRIL FUT
BUY@274
STOP@262
TARGET@294
LOT:2000
QTY:3
2-TO-3 WEEKS OF TIME FRAME
INDIANBANK - Short Trade IdeaShort below 244.3 with SL 256.1
T1 242.75
T2 241.55
T3 240.1
T4 238.1
T5 235.2
T6 232.3
