architk

Indusind Bank

Long
NSE:INDUSINDBK   INDUSIND BANK LTD
script was in a long consolidation below 200 EMA. By giving a huge volume breakout from a wide supply zone of 1000( Big round number/psychological level), we can safely say that a momentum can take place on upside in upcoming weeks.

Enter accordingly near 1010-1015
Tgt for 1130/1185
SL of 950

Though with high volatility in markets now-a-days, and where many breakouts failed frequently and miserably. We should control the position size in such breakouts according to current market structure.

Happy Trading :)

Disc: Chart posted only for learning purpose.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.