on daily timeframe a good support of trendline was taken with formation of bullish engulfing candlestick pattern, on 1 hour timeframe a breakout of short term countertrend with rejection of previous swing high low confirmed our long position NSE:HINDZINC
#swing trade setup
Indusind bank tested a strong demand zone on daily time frame with a good wick rejection.
It's a buy call!
Go long and achieve the target at next resistance level
Happy trading to all the traders out there!
breakout of falling wedge pattern and crucial resistance area and achieving its target at 200 EMA and again taking its support at 200EMA to achieve its next resistance. Hope you find my analysis helpful