Trading Setup for IndusInd Bank
IndusInd Bank can be traded according to the setup.
The stock has a very strong support @ 1000 as:
- It is a round level
- It is a major supply zone for the stock
- It is supported by 50EMA and 200EMA in 1hr and 15mins timeframe resp.
But if it breaks its recent support of 1020, one can go short in it (in half quantity) for a target just above 1000, as it is forming a Descending Triangle pattern.
And, incase BankNifty is Bullish tomorrow and the stock break its Descending Resistance, one can go long on it for a Tgt1- 1050 and Tgt2- 1075
The stock has a very strong support @ 1000 as:
- It is a round level
- It is a major supply zone for the stock
- It is supported by 50EMA and 200EMA in 1hr and 15mins timeframe resp.
But if it breaks its recent support of 1020, one can go short in it (in half quantity) for a target just above 1000, as it is forming a Descending Triangle pattern.
And, incase BankNifty is Bullish tomorrow and the stock break its Descending Resistance, one can go long on it for a Tgt1- 1050 and Tgt2- 1075
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.