Induslnd bank is for the time being range bound
but watching Banknifty, which is at a very crucial point of near 25000, induslnd bank can test the upper bound of its range in future
watch and go long with respect to bamk nifty
if bankfnifty crosses 25000 with good volumes and sustains it then induslnd will easily give target 2 at least
also the area of target 1 is in 0.618 region fib level, so it can be considered as a safe target
safe traders can go for target 1 ( my recommendation )
medium risky traders can go for target 2
while khatro kkhiladi nibbas can target 3 aswell
trade cautiously
use appropriate stoploss
but watching Banknifty, which is at a very crucial point of near 25000, induslnd bank can test the upper bound of its range in future
watch and go long with respect to bamk nifty
if bankfnifty crosses 25000 with good volumes and sustains it then induslnd will easily give target 2 at least
also the area of target 1 is in 0.618 region fib level, so it can be considered as a safe target
safe traders can go for target 1 ( my recommendation )
medium risky traders can go for target 2
while khatro kkhiladi nibbas can target 3 aswell
trade cautiously
use appropriate stoploss
Order cancelled