INDUSINDBK trade ideas
INDUSIND Neutral Nov Expiry OptionsLong term support at 1290, bounced from there
Still in the descending channel
Right now at the top of the descending channel
Can breach right through it or get rejected
If it breaches, it will retest this trend line and move upwards
If it rejects then move downward
Indusind BankOne can go long on indusind bank here since it has given close above the green ema line and one can stay in the trade untill it closes below the yellow line, these lines are basically made with 48 period ema of highs and lows. This is something new that I have learnt. you can backtest yourself if you have doubts. Its just my view on this strategy