perhaps nice long trade at 43 or 41.50 on Indus - here with two long ideas
Problem: bad RR Ratio an perhaps against the broad market.
shortterm uptrend since oct., 38.2 retracement, stop buy at 61.8 % upsidebroke (78,10), stop at pre low around 73.90, T1 at 86, T2 at 93
clear uptrend since oct 2015, 38,2 % correction - for me a buy with stop on lows at 40.30 an 1. Target on 46,77 an 2. target on 48.55 EUR.
why long? i see a bullish trend by the used moving averages and a bullish flag - if the last high at 17966 is hit when i prefere to go long with a protective stop at 50 % Retracement an a 1. target at the 1.61,8 % extension.
perhaps it could be an double top at 19 usd with a neckline at 17.70?