AakashRKothhari
Short

INDUSIND BANK SHORT SELL

NSE:INDUSINDBK   INDUSIND BANK
30 4 2
INDUSIND BANK IS FORMING A Head and Shoulder Pattern at the Top, shorting at current level of 1100 with a SL of 1120 and target price of 1060-1040 offers good risk reward ratios.
sl hit exit
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too premature to call H&S . though toppish for sure
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Yes u r right its premature however we have to anticipate next move and manage trade accordingly.as I can forsee plannned distribution happen at this levels after a long rally.
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Sachinsyd AakashRKothhari
H&S rule says wait till formation is completed and breakout happens.. Thanks
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