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INDUSINDBK

INDUSINDBK - BREAKOUT WILL LIKELY AMPLIFY FALL#INDUSINDBK Positional and Intraday trading opportunity. CMP 1485 Short at 1465-1468 Stop for intraday 1490 Stop for positional / swing 1525 Target Open. Logic : 1) Bearish trend template (daily chart)- Filter 1 2) Downward sloping daily pivotzones (5 min chart) and close below 375 period moving average of daily pivot zones (5 min chart) - Filter 2. 3) Price currently resting close to support level of 1472 (Rs 4-7 cushion kept for avoiding entry during fake breakouts) with a nice contraction in price and volume.
NSE:INDUSINDBKShort
by scorpiomanoj
INDUSINDBK - PLAN FOR DECEMBER 2018INDUSINDBK HAS A PICTURE PERFECT CHART. ALL WAVES ARE MADE TO MEASURE. THIS IS FORMING AN ABC CORRECTION OUT OF WHICH WAVE A IS A ZIGZAG WITH 5TH WAVE AS THE EXTENDED WAVE. THIS MEANS THE COUNTER-WAVE OF THE SAME DEGREE SHOULD NOT BE ABLE TO RETRACE THE DOWNMOVE COMPLETELY, WHICH GIVES US A STOPLOSS OF 1721. THE UPMOVE IN THE FORM OF B WAVE IS ALMOST COMPLETE WITH SUB-WAVE 5 OF WAVE C OF WAVE B PENDING COMPLETION. ONCE THIS GETS COMPLETED AROUND 1670, WE SHOULD SEE A DOWNMOVE FOR FIRST TARGET OF 1484 FOLLOWED BY 2ND TARGET OF 1331. THE 1ST TARGET SHOULD BE COMPLETED BY MAXIMUM 17 DECEMBER 2018 WHILE THE 2ND TARGET SHOULD BE COMPLETED BY END OF THIS CALENDAR YEAR
NSE:INDUSINDBKShort
by anshusahay