INDUSINDBK:
Daily TF : stuck between daily support resistance. good opportunity to buy near support & sell near resistance with small SL. you can have good R:R.
Hourly : in hourly time frame, its rejected from today's High and now coming down. still its showing HH & HL hence last resistance marked in RED is very important if its need to sustain. If it broke hourly support, it can go till Daily support and could be buying opportunity.
Always follow candle stick pattern near support & resistance.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Daily TF : stuck between daily support resistance. good opportunity to buy near support & sell near resistance with small SL. you can have good R:R.
Hourly : in hourly time frame, its rejected from today's High and now coming down. still its showing HH & HL hence last resistance marked in RED is very important if its need to sustain. If it broke hourly support, it can go till Daily support and could be buying opportunity.
Always follow candle stick pattern near support & resistance.
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing