Indusind bank takes the support at lower trend line and forms the Morning star pattern.
To confirm this reversal volume also increasing and Reversal takes place at 38.2% Fib level.
This is the high probability trade with RR ratio of 1 : 3.5
Place your SL below the swing low of 784 and place your 1st target 982 and 2nd target as 1075.
Before enter the trade do...
In longer TF it forms the rising channel, Now it touches the upper side of channel and now its in correction stage and To Additional to this it respect the Elliot wave, in this also it finishes their uprun and starts its correction phase. This correction phase consists of three waves. We may anticipate nifty to get reverse at 13200 - 13150 (approx.). lets see what...
SRTransport gives good swing trading opportunity when it gives breakout from the falling flag pattern.Entry is based on type of trader you are aggressive or not.Good RR ratio for short trem or swing trades
High probability Mid term investment
Enter after Retest
Set SL as shown
Set target at ATH (all time high) or Head height
--Expected Profit = 50 %
--Expected Holding = 3 months only
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⭕Technical Reasons to trade or Strategy applied :- ⭕