A bullish corrective pattern
Indusind Bank CMP 1496
the sideways consolidation is a continuation of the fall from the highs. Hence in my view this will break down. Close below 1437 will be very negative as this correction will become very deep. Good news is tht it will an opportunity to buy and this is a bullish corrective pattern in Elliott called the zig zag.
the sideways consolidation is a continuation of the fall from the highs. Hence in my view this will break down. Close below 1437 will be very negative as this correction will become very deep. Good news is tht it will an opportunity to buy and this is a bullish corrective pattern in Elliott called the zig zag.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.