All levels Mentioned in the chart. P.S. These are my views, doesn't mean anyone should take random trades basis this. Please do your own analysis or consult a reliable adviser.
On daily chart stock has performed breakout, RSI is gradually moving towards north direction indicating good strength.
Bullish Gartley IndusInd Bank Prz - 1704 - 1714.50 Sl - 1697 Target 1 - 1731 Target 2 - 1743
INDUSINDBK short @ 1732, sl @ 1747, target @ 1675 for 2 days prospective.
Look for tgt of 1775 in descending triangle with strict stops below 1725
INDUSINDBK is near its support and forming descending triangle. If given breakout, we can go short.
LEVELS ON CHART B = BUY ABOVE S = SELL BELOW T = TARGET BOOK 70% ON FIRST TARGET REST TRAIL
Expecting a 50 Point Drop
INDUSIND had a strong move to break above 200 dma.. the 20 dma is about the cross the 200 dma..expect consolidation around the highlighted zone with blue lines.. can be outperformer since it hasnt mved much but was forming a base long around 200 dma..
Hi Guys, INDUSINDBK possibly gonna make corrective drop. ***Use Proper Risk and Money management Rule if you don't had a one please watch the play don't trade Please comment below and hit the like do share which will encourage me to post more new ideas Thank you
Short if it breaks the low of the previous day with a stop loss at the previous day's high. In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.