INDUSIND BK: Strong buy
Hello everybody!
The price here is still developing but with the confluence of several conditions price should soon see a close above the 1275-1290 range, and take off and boom toward all time highs
TARGET: 1800+ [eventually to all time highs]
SL: 1110
A confluence of several patterns coming together:
Traders with risk appetite, BUY at the start of expiry & SELL towards the end of the expiry for every month of 2023 (keep position sizing in check).
Risk-averse traders take equity delivery.
BUY & Only BUY this stock in 2023.
INDUSINDBK
The price here is still developing but with the confluence of several conditions price should soon see a close above the 1275-1290 range, and take off and boom toward all time highs
TARGET: 1800+ [eventually to all time highs]
SL: 1110
A confluence of several patterns coming together:
- Recent cup and handle formation (wait for a breakout of same)
- Long-term S/R, testing it 3rd time now
- Upmove from covid lows and then the current accumulation phase
- Supply reduction from the past several months
- 20 & 200 EMA in close consolidation since last 18+ months, now with 20 starting to move away
Traders with risk appetite, BUY at the start of expiry & SELL towards the end of the expiry for every month of 2023 (keep position sizing in check).
Risk-averse traders take equity delivery.
BUY & Only BUY this stock in 2023.
INDUSINDBK
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