IndusInd bank out of the consolidation zone.

Indusind Bank has given a break out of the consolidation and crossed the 20 ema on the daily time frame.

The stock has been in consolidation from october and gave a nice break out in the end of november.

The stock can be traded once there is retest of the level and the stock can give nice up side targets.

3 points confirmation.

1. Break out of the consolidation zone.
2. Crossed daily 20 ema and closed above it.
3. The volumes are higher than the previous day.

The stock option and stock can be traded once the stock retest 1160 levels.

Traget:- 1229, 1265
Stop loss :- 1150

The stock can be traded for intraday once it crosses above 1173 and can give a intraday target of 1200.

Wait for the price action and enter once the stock gives a close above the levels.


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