INDUSINDBK trade ideas
If indusinbk give breakout about 1200 then follow thisConditions
Bank nifty should be positive
Indusindbk if tomorrow or day after tomorrow it crosses 1210 for any reason then there will be a short covering which can take up move of 5 %
My first target is 1225
Followed by 1250 and
Final target is 1270
1200 is big resitance accouding to option chain , but if its break morinig star upside then there is a lot chance to hit my all targets
Trade will be taken once it cross 1210 i am going to buy call 1200 strike price
Thank you .
Long on IndusInd BankI have taken a long position on IndusInd bank as it is in it's demand zone that was created between 1157 and 1128.
It has also given a trendline beakout in Monthly chart.
My entry: 1157
My Sl: 1127
My 1st target: 1:1
My 2nd target: 1:2
Please note that once my 1:1 is hit, I'll trail my SL to entry level.
I'll update once SL or Target is hit.
WARNING: THIS IS MY PERSONAL OPINION, AND NOT A TRADING ADVICE, I WON'T BE LIABLE FOR ANY LOSS TAKEN ON THIS ADVICE.
Indusin bank intraday analysis for 16-8-21 Indusind Bank is taking support of trend line from so many days and it has break trend line today .
now it has consolidating .if its break 1021 then take a short trade and target is 1010.
if it gives break out to upside then take long trade . if it break 1026.50 in 15 min time frame then take a long trade and target is 1038..