Indusind bank Trades using Blue Sky Plus Indicator. Spend less time in doing analysis. Just plain follow the indicator. Message or Comment to get a free trial of the indicator.
INDUSIND Trades using Blue Sky Plus Indicator. Spend less time in doing analysis. Get Disciplined. Just plain follow the indicator. Message or Comment to get a free trial of the indicator.
#INDUSINDBK has completed its Wave B of ABC correction which was abcde Symmetrical Triangle. It should most likely break downwards and target the end of Wave C at Rs 906. #Nifty #Nifty50 #NiftyFutures #Banknifty #niftybank #Elliotwaves
#INDUSINDBK
Positional and Intraday trading opportunity.
CMP 1485
Short at 1465-1468
Stop for intraday 1490
Stop for positional / swing 1525
Target Open.
Logic :
1) Bearish trend template (daily chart)- Filter 1
2) Downward sloping daily pivotzones (5 min chart) and close below 375 period moving average of daily pivot zones (5 min chart) - Filter 2.
3) Price...
INDUSINDBK HAS A PICTURE PERFECT CHART. ALL WAVES ARE MADE TO MEASURE. THIS IS FORMING AN ABC CORRECTION OUT OF WHICH WAVE A IS A ZIGZAG WITH 5TH WAVE AS THE EXTENDED WAVE. THIS MEANS THE COUNTER-WAVE OF THE SAME DEGREE SHOULD NOT BE ABLE TO RETRACE THE DOWNMOVE COMPLETELY, WHICH GIVES US A STOPLOSS OF 1721. THE UPMOVE IN THE FORM OF B WAVE IS ALMOST COMPLETE WITH...
#INDUSINDBANK looking for 4-5% more downside as per #WEEKLY #DAILY chart. Stock facing resistance at level 1560-80, if stock not able to break these levels we can see 1450-1400 levels too in stocks.
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INDUSINDBK
