IndusInd Bank can be traded according to the setup.
The stock has a very strong support @ 1000 as:
- It is a round level
- It is a major supply zone for the stock
- It is supported by 50EMA and 200EMA in 1hr and 15mins timeframe resp.
But if it breaks its recent support of 1020, one can go short in it (in half quantity) for a target just above 1000, as it is forming a Descending Triangle pattern.
And, incase BankNifty is Bullish tomorrow and the stock break its Descending Resistance, one can go long on it for a Tgt1- 1050 and Tgt2- 1075
The stock has a very strong support @ 1000 as:
- It is a round level
- It is a major supply zone for the stock
- It is supported by 50EMA and 200EMA in 1hr and 15mins timeframe resp.
But if it breaks its recent support of 1020, one can go short in it (in half quantity) for a target just above 1000, as it is forming a Descending Triangle pattern.
And, incase BankNifty is Bullish tomorrow and the stock break its Descending Resistance, one can go long on it for a Tgt1- 1050 and Tgt2- 1075
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.