LearnersParadise

IndusInd Bank- A stock that can fly HIGH

Long
NSE:INDUSINDBK   INDUSIND BANK LTD
Indusind bank is making great chart patterns. One of them is already posted as symmetrical triangle where stock now has no area left to move so sooner or later it will breakout either way.
Let me show something in monthly chart:-
Above chart shows how beautifully this stock respects 20 SMA .Earlier when it was trading above 20 SMA it was always coming back to average itself and started new journey. and when it was trading below that it came back and fell again.
Its been a while now that it is trading above 20 SMA and has been consolidating for several months.

Another chart with Long term targets:-

Hope this will help investors and traders in some way.

Keep an eye ladies and gentleman.

Fingers crossed. Happy Trading.

Comments

Nice analysis Saurabh bhaiya
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LearnersParadise Vikram_Dada
@Vikram_Dada, Thanks 😊
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