NSE:INDUSINDBK   INDUSIND BANK LTD
Upcoming downtrend
Prices have increased with negative divergence in RSI & Volume .
Ascending triangle has formed depicting a continuation downtrend.
As of 5th August, it shows weak buying for intra or couple of few days but sell signals for positional(short term) trading.
Go short till 470, weak support between 460-470rs.
Next support between 301-342.
Trade at your own risk.

Comments

I'm holding stocks at 503 levels, will it bounce back? Should I hold on to it?
Reply
@SD2909, It might it might not, but if it does in coming few days, it won't remain strong and It is showing sell for long term too. Upto you
Reply
SD2909 naivedh_shah
@naivedh_shah, noted. Thanks.
Reply
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