Chart of the Week 18/9/21. IndusInd Bank
The stock is on the verge to give cup and handle breakout on weekly charts. After taking multiple resistance at 1130, the stock is once again ready to give a breakout on weekly charts. Since the stock has not given a clear breakout one can buy 40% at CMP and accumulate 30%, 30% on each dip upto 1050 - 1000. Even after breakout, stock will test its previous resistance therefore one can buy the stock on given levels.
Targets - 1600, 1800, 2000 Weekly
SL - 980 Weekly
View - Medium to Long term
Time - 1 year plus
Targets - 1600, 1800, 2000 Weekly
SL - 980 Weekly
View - Medium to Long term
Time - 1 year plus
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