miraldesai

Induslnd Bank Ready To Break Out After Long Consolidation

Long
miraldesai Updated   
NSE:INDUSINDBK   INDUSIND BANK LTD
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.
Trade active:
Induslnd Bank Fut Goes Long @ 976.75
Trade closed manually:
Covered Indusland BAnk Fut @ 953 ( trade closed)
Trade active:
Indusland Bank Fut Goes Long @ 967
Trade closed manually:
Indusland Bank Fut covered @ 957 ( trade Closed )

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