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

Indus bank is in the consolidation phase after a big downfall. If this triangle consolidation breaks on the downside downtrend will continue.
Comment: Our call has not been activated yet
Comment: 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.
Comment: 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


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