INDUSINDBK trade ideas
IndusInd BankIndusInd Bank Ltd.
Continued Reduction in Price Hitting
MultiYear Trendline (670 to 182 to 30 Days)
Bullish Sign
MultiYear Trendline (Since Jul'18) BreakOut to Be Watched
Bullish Engulfing: Monthly Basis
Ascending Triangle Pattern
Strong Vol. Consolidation: Monthly Basis
Buying > Selling
Once Broken: 5-10% Upside Possible
Short-Medium Term
Do You Own Research as Well
Happy Investing :)
Indusind Bank is standing at make or break level.Indusind Bank tried to slip downwards in the previous trading session but could not sustain and has developed an indecisive candle near to its trend line support after today's session.
Now it has its immediate and important support level at 789, while the major support is intact at 760.
If it manages to bounce back from the current levels, it will face a hurdle around 860-870 levels for a breakout confirmation.
We can vouch for upside levels of 895---925 in the coming weeks if it is able to respect the support levels.
This post is only for educational purposes.