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.
Jan 09
Comment: Our call has not been activated yet
Jan 09
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.
Jan 09
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
Jan 11
Trade active: indusind has breach 1545, Our trade is active now
Jan 14
Trade active: First Target Achieve: Indus ind made low of 1471


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