Indus Ind Bank

18 Jan

I have found interesting patterns in different time frame. In lower time frame price has formed an ascending triangle, and it is testing the bottom of the channel. Also price is consolidating in a narrow range.
In daily time frame, price is forming a descending triangle and testing the upper trend line of the channel.

So two time frames with different direction. In which direction price will move?
We can expect more range move if price fails to gain trend strength.
Buy above 974 with the stop loss of 966 for the targets 982, 990 and 998.
Sell below 960 with the stop loss of 970 for the targets 950, 938 and 926.
Do your own analysis before taking any trade.

20 Jan

Trade aktif

Short. Trend looks weak. T1 done.