Technical Overview of INDUSINDBK: In the below chart, we can see the stock is trading near very crucial support i.e. 1350. On 16th April 2019, the stock has given confirmation of Double Top
and from next day has given sharp fall till 1350. From support levels given bounce up to 1670 and made Lower High. Like this stock has started to trade in a Descending Triangle
, and yesterday again took exact support from the same level. As per our view, we can buy INDUSINDBK
here with the stop-loss of 1345 on a closing basis on the daily chart
. The first target is 1500 and if a stock will give break out to Trend Line
then it will show 1550-1600-1650.