INDUSINDBK trade ideas
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IndusInd Bank decline: EW analysisNSE:INDUSINDBK
Minor wave 1 top at ₹1242 posted on 27-10-2021.
Ensuing decline in Minute wave a (circle) seems impulsive in nature, which means we will likely form a zig-zag (5-3-5) for complete correction. Expected price/time target shown.
Initial recovery post this phase of decline expected to be sharp with target zone shown.
Invalidation point for this scenario: ₹1042
Caution: Elliott Wave trading requires expert risk management skills since unfolding price swings necessitate frequent adjustments in original wave count.
just for educationLONG
HERE, AT CMP 1037 FOR TARGET OF 1060, 1085 (IF CLOSE ABOVE 1120, THEN AGAIN LONG POSITION FOR TARGET 1160, 1200, 1240)
SL : BELOW 1020
Disclaimer : This analysis/strategy is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!