Short

Indusind Bank : Sell Below 1545, SL 1610, Target 1470, 1360

Updated

Indus bank is in the consolidation phase after a big downfall. If this triangle consolidation breaks on the downside downtrend will continue.

Note

Our call has not been activated yet

Note

IndusInd bank has taken a bounce, trading on an upper trendline of the triangle. Aggressive traders can take a short position with a small stop loss above 1630 but if you want a confirmation then wait for the prices to break lower trendline, follow the initial call of shorting below 1545.

Note

Amaraja still following the triangle. Prices from upper trend line retraced back to lower one. If it remains in triangle movement will be more choppier in coming days

Trade active

indusind has breach 1545, Our trade is active now

Trade active

First Target Achieve: Indus ind made low of 1471

rahulundefined

Also on:

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.