IndusInd Bank: Possible swing move on the cards?

17 Kas 2019

Monthly: After forming multiple dojis, the price broke below the weak support indecisively. A weak hammer can be seen forming in Oct. A little bounce to test that zone can be seen this month.


Weekly: Price is making LHs and LLs. Last two candles show rejection of resistance.



Daily is in nice uptrend. We need a clear break from the Daily TL and price to make a LL. Once price closes below 1320, we can look to go positionally short on a pullback and 75min TF confirmation.

28 Kas 2019

Emir iptal

No break of Daily Trendline. Price continues its upward move. So, no trade entry here.