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Indusind CMP - 522

NSE:INDUSINDBK   INDUSIND BANK LTD
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Indusind Bank CMP - 522.

If you see the horizontal dotted line, below that there is a clear head and shoulder formed. The right shoulder is smaller than the left shoulder. Immediate move of 30 points on upside. RSI on hourly is above 50. Immediate short term target is 550. And then 584 or 600 depending whether the rising wedge or the parallel channel materializes.

Disclaimer: This is only a study for educational purpose and not a trading or investing recommendation.

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