Indusind is looking in a good position for a long position. Level is 1390 to build a long position in intraday for 04 November 2019.
Here is my idea Intraday setup for Bank nifty Index for 11th October 2019
This is my first attempt to publish the live market idea into the Public. Consider watching the video
Indusind Bank looks set for a good move, probably to the downside. Expect to hit 1188 pretty quickly on triangle pattern breakdown. Can stop & reverse in case 1295 level is broken.
Explain everything on the chart.
IndusInd Bank ( NSE:INDUSINDBK ) looks very weak on chart and have broken multi-month support today. Tomorrow if stock goes below 1320 it can fall further. Reasons for Trade: Stock has broken Multi-month Support Current Trend is bearish Trade Setup: Short / SELL when price goes below 1320
A complex double zig zag may be coming to an end. A short position can be initiated around 1580-1585, with stop around 1603 for target of 1540/ 1500.