UPL following a channel.
May take support at 200 EMA & chances of reverse.
10-14 % move expected after taking support at 200 EMA i.e around 560.
560 -65 will be good entry point & target 650.
Closing below support will be invalidate the trade.
IndusInd Bank retest the level of trendline breakout.
Possible buy at CMP 1470 with SL day low i.e. 1450
Safe player can buy above 1500
My target will be-
T1- 1550
T2- 1570
T3- 1690 & above with TSL
Hero Moto given break out
Also 20 EMA & 50 EMA crossover done.
Double Confirmation.
One can trade with SL 5250 & Target previous high +-50.
For safe side can book at 5%.
May repeat Same pattern from May 2024.
Only for Educational Purpose.