Induslnd Bank Ready To Break Out After Long Consolidation
Updated
Technically on the daily charts we see major support on the downside @ 829 levels, whereas minor resistance on the upside is capped around 976 level.
If breaches minor resistance on the upside and closes above it, we may see fresh breakout and Stock can Lead towards higher levels around 1047/1128 and 1184 levels in Short Term.
Next major resistance @ trend line @ 960/975 level to watch.
Stock made Double bottom on daily closing above 960/970 mark momentum can be fast on upside.
Above views For Educational Purpose Only.
Regards,
MD.
If breaches minor resistance on the upside and closes above it, we may see fresh breakout and Stock can Lead towards higher levels around 1047/1128 and 1184 levels in Short Term.
Next major resistance @ trend line @ 960/975 level to watch.
Stock made Double bottom on daily closing above 960/970 mark momentum can be fast on upside.
Above views For Educational Purpose Only.
Regards,
MD.
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Induslnd Bank Fut Goes Long @ 976.75Trade closed manually
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