We can see a formation of a symmetrical triangle in the INDUSIND BANK 4 hours timeframe chart. This setup looks good to me, an entry above 1045 for targets of 1120 and 1240 with a stop loss of 962. Here the risk-reward ratio is 1:2.35 for the final target of 1240. Also, it is taking good support from the 200 EMA, which is a positive sign for the bullish...
The bullish or Bearish flag pattern works in a very good way. Here in the chart of SCI daily timeframe, the pattern has given a breakout and can go for the target of 120.
This is only an analysis of mine, this is not a recommendation to anyone. Do your own research before entering in any stock.
