Indusind traders stay cautious. Looks like a trap
Indusind bank can fall and according to me the rally yesterday was fake to trap retail investors.
My analysis showing it will fall below 500.
With first target of 550 and second target 500 area which will act as a double bottom for the stock, if sustained can jump and if not more fall can be seen.
Good luck to all traders.
My analysis showing it will fall below 500.
With first target of 550 and second target 500 area which will act as a double bottom for the stock, if sustained can jump and if not more fall can be seen.
Good luck to all traders.
Comment:
Look 4HRS chart, how beautifully today's candles showing false breakout, get ready for my targets till expiry good luck. Today's candle clearly shows it was a trap rally in Indusind Bank. All targets intact TP 1 - 550 and TP 2 - 500