Long

In last session, #IndusIndBk was seeing nice buying interest in a falling market. This could be short covering too. On weekly candle it has formed a Doji. Is a good short covering candidate with target of 1206/1220/1240/1260. Weekly volumes are 2nd highest in last 4 years and double of the 20EMA volume. Possibly stock has made a near term bottom and may recover a bit before resuming its downtrend. A good buying candidate with protection. #Positional #long #Hedging

코멘트:

Disclaimer: Objective of this channel and posts is to educate and help members learn technical analysis, from my personal trade picks. All these stock ideas or trade updates are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis my trade ideas. These stock ideas or views shared in the channel are momentum picks chosen using technical analysis and indicators and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals too. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for real trading. I am not responsible for any kind of profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades or trade at your own risk.