NSE:INDUSINDBK INDUSIND BANK LTD
Indus bank is in the consolidation phase after a big downfall. If this triangle consolidation breaks on the downside downtrend will continue.
Our call has not been activated yet
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.
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
indusind has breach 1545, Our trade is active now
First Target Achieve: Indus ind made low of 1471