Indusind Bank - Potential Bullish Scenario

24 мая 2021 г.

The price broke out of the downtrend line with high volume and rallied to change the market structure. The RSI moved to 70+ region, and therefore it may cool down a bit before moving up again. This will give a retest of the previous high, 950-960 region. Long positions can be opened on this retest. The target which I am looking at is 1084.

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

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P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.