If my counting is right then, IndusInd Bank is currently has completed Wave 4 and now shall start Wave 5. Looks attractive at CMP 608/- with SL of 592/- for the targets around 680/-
Trade chiuso manualmente
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Comment: It made a high of 648/- i.e. more than 1:2 RR it achieved. One can move the SLs to swing lows or classic resistance and support lines and would easily get out at good profits even it retraces like this.
Commento
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After getting out from this trade I see it achieving its target.