INDUSINDBK has given a close at 652.05. INDUSINDBK has
broken out of the previous high and entered in to a new bullish zone which is
unchartered territory as there is no past data to refer the resistance and
targets. Since it has broken out and given a triangle breakout also, as per our
breakout trading policy, one can initiate
a long position in this stock for the
likely targets of 670 and 685 in a fea days. A strict and closing basis Stop
Loss must be maintained at 634.
sir, your analysis is so simple and excellent. one request, pl add that the prices are of futures
ReplyDeleteKalyani,
ReplyDeleteThanks. You are absolutely right. Some things are so simple that it skipped my mind. It will be taken care of.