INDUSINDBK
INDUSIND BANK short viewIndusind Bank as reversed from resistance zone, and as the market has also started to fall we can expect it to at least touch till 1150 levels.
Risk to reward ratio is 1:1 and if it falls below the support zone, it can also reach till 1000 levels.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
INDUSINDBK : Stuck between levels INDUSINDBK:
Daily TF : stuck between daily support resistance. good opportunity to buy near support & sell near resistance with small SL. you can have good R:R.
Hourly : in hourly time frame, its rejected from today's High and now coming down. still its showing HH & HL hence last resistance marked in RED is very important if its need to sustain. If it broke hourly support, it can go till Daily support and could be buying opportunity.
Always follow candle stick pattern near support & resistance.
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My studies are Educational purpose only
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Indusinbk
NSE:INDUSINDBK
WAIT FOR PROPER CLOSE ABOVE THE TRENDLINE.
Looks Like a Multiple Pattern, if breaks out , we would have good momentum .
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Indusind Bank R:R PositionalAny pull back sign on weekly closing with higher number of volume average could be act as entry Point and Indusind Bank R:R Positional it could give good return in year or so.
Support is just near so R:R is lucrative.
Red line violation can be act as exit point
This is my personal view.
study your risk appetite and time horizon before acting on trade.