INDUSINDBK trade ideas
Induslnd Bank bullish Induslnd bank is for the time being range bound
but watching Banknifty, which is at a very crucial point of near 25000, induslnd bank can test the upper bound of its range in future
watch and go long with respect to bamk nifty
if bankfnifty crosses 25000 with good volumes and sustains it then induslnd will easily give target 2 at least
also the area of target 1 is in 0.618 region fib level, so it can be considered as a safe target
safe traders can go for target 1 ( my recommendation )
medium risky traders can go for target 2
while khatro kkhiladi nibbas can target 3 aswell
trade cautiously
use appropriate stoploss
Indusindbk (NSE) - Elliott wave analysis Indusindbk (NSE) - It is within corrective cycle B wave and one more down wave c of y of B wave will be traded after bounce of b wave completed. Sell with stop loss above 632.40 near 618-24 zone for target below 590. Thereafter it may turn bullish.
Give thumbs up if you really like the trade idea.
What is support of Indusind bank?Here in indusind bank one trade may be start.
So in indusind we can make bullish position for week as well as long term....
My own SL :-
For week :- 580
For long term :- 500
Note :- Do not go with my advice , study a trade !
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