Swing Opportunity in IndusInd Bank
Atualizado
Go Long above 1014 for a Target of 1041 with SL 987
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.382 Fibonacci level.
3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. The stock may go up to the trendline where it may face resistance.
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.382 Fibonacci level.
3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. The stock may go up to the trendline where it may face resistance.
Ordem cancelada
Nota
Can take Entry tomorrow.Trade ativo
Entry triggered on 03 Sep 2021Trade fechado: stop atingido
SL hit on 07 Sep 2021
Aviso legal
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