INDUSIND BANK | Sell Opportunity
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I'm seeing a sell opportunity here. Use the pullback to get in.
Reason:
- The price is now trading near a resistance area.
- Weaker Supports
- BankNifty is weak
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
INDUSINDBK
INDUSIND Neutral Nov Expiry OptionsLong term support at 1290, bounced from there
Still in the descending channel
Right now at the top of the descending channel
Can breach right through it or get rejected
If it breaches, it will retest this trend line and move upwards
If it rejects then move downward