IndusInd Bank - Wave 5 to take it to higher levels...
Updated
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 closed manually
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.Comment
After getting out from this trade I see it achieving its target.Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.