INDUSINDBK trade ideas
Indusland Bank IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
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Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutionsSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
INDUSIND Bank May Go Down from this zone Indusind Bank broke the short term channel and closed below the channel itself . Crossing below 950 from this level can slide it upto 900 zone ,bcz that is the good support zone for this February expiry.
So you guys can add it to your watch list and look for a good trade here . One can short 960 ce or sell February future .
**** This is just my conviction as per price action and this no way an advice to take this trade .
Thanks for reading .
INDUSINDBANK 1:4RR 🎯40% 1400+NSE:INDUSINDBK has corrected 33% from all time high. Price made a double bottom pattern from which it broke out.
The double bottom was also formed at a price range where the stock already took 3 supports.
Indusind also came out with good results. It is good buy at this price for long term as well.
Enter 20% position after break of yesterday's high. Expect some pull back as it has already given 11% in 2 trading sessions. Buy the remaining after pullback.
Aiming for a 1:4 risk reward setup.
Targets: 1000/1200/1400+
Place an sl below 2 bar low (below 870). It is more preferable if sl is kept below the bottom (below 800) and go for 2:5 RR trade.
Not expecting huge momentum towards the target. Slow/positional trade. Holding period 1-6months.
Position size accordingly. HAPPY TRADING!