Symmetrical Triangle in INDUSIND BANK
We can see a formation of a symmetrical triangle in the INDUSIND BANK 4 hours timeframe chart. This setup looks good to me, an entry above 1045 for targets of 1120 and 1240 with a stop loss of 962. Here the risk-reward ratio is 1:2.35 for the final target of 1240. Also, it is taking good support from the 200 EMA, which is a positive sign for the bullish movement.
We can see the final target within a time period of 1 to 2 months.
It is just my analysis, if you go long you should do your analysis before entering.
We can see the final target within a time period of 1 to 2 months.
It is just my analysis, if you go long you should do your analysis before entering.
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