IndusindBk : Long and Short opportunities.

Trend:
Reversal Candlestick Pattern : Doji in Daily Chart.
Short Term Current trend : Strong Bearish and having Potential for change to Bearish within 1-2 days. as a result if sustain above 1401, It will be changed rating for short term Bearish to Bullish.

Medium Term Trend: Current Trend Bearish and same trend for further till close on Daily chart above 1401.

Long Term Trend : Current trend is in Bearish Zone in Long run, It can be minimized through taking further risk. above 1601 close Super Strong Bullish trend for this share.

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CMP: 1352.25
Major Support: 1135;
Major Resistance: 1602.
Demand Zone: 1307 to 1360; ~ CMP: 1352.25 is in Demand Zone,
Supply Zone: 1550-1600;
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Trend Line Support :: 1317.05 i.e. Latest Low.
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Volume should be evaluated in appraising market strength or weakness. If volume is increasing, whether prices are going up or down, it is probable that prices will continue their current trend. However, if volume is decreasing, the current trend will probably not continue and a reversal may be imminent. So, Here it is clear cut showing Volume Decrease and Price Decrease. i.e. Turning point to Bullish

Trading setup is being created with BASE of indicator;
Trade:1 : Buy Indusind Bank @CMP: 1352.25 above 1360; Targets: 1400, 1460, 1480.
Trade:2: Buy Indusind Bank @CMP: 1352.25 above 1485 close; Target: 1515, 1550, 1584.



Long Term Bullish : Breakout above 1665
Long Term Bearish: Breakdown below 1135.



Risk is yours and Reward is too yours.

تعليق:

Trade:1 Stop Loss: 1315

تعليق:

SL here all on close base

أغلقت الصفقة: تم الوصول لوقف الخسارة

تم فتح الصفقة:

Long term bearish below my levels updated above worked so, in line..

تم إغلاق الصفقة يدويًا:

cmp 472.25
EXIT From Selling