IndusInd Bank - Long Opportunity
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Long Opportunity -
Indusind Bank is now in the sideways zone, MA is also confirming this zone. This stock has also filled the gap of 21 Feb. The CPR is narrow and at the upper side which indicates that there will be bullish movement expected. But we have to wait till the CCI turns to the plus level and MA headed to the upper side.
This stock will retest to the 940.50 level as there was a gap up opening we have seen, and as per the rule where there is a gap up or gap down market retest at that level and fill that gap. So, wait for the confirmation and then enter into the trade.
Indusind Bank is now in the sideways zone, MA is also confirming this zone. This stock has also filled the gap of 21 Feb. The CPR is narrow and at the upper side which indicates that there will be bullish movement expected. But we have to wait till the CCI turns to the plus level and MA headed to the upper side.
This stock will retest to the 940.50 level as there was a gap up opening we have seen, and as per the rule where there is a gap up or gap down market retest at that level and fill that gap. So, wait for the confirmation and then enter into the trade.
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