Major Trendline over smaller timeframe is breaking down.
Taking a short trade here gives good R:R. (After 15 min candle close below 1557)
Price action looks like temp top established.
Targets are based on FIBS retracement.
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Indusind Bank has broken out of long term trend line support plus given close below important support of 1430. Volumes have been on higher side in selling. 1333 is the immediate support which needs to be hold on closing basis. If counter closes below 1333 ( keep 1% margin) on daily and weekly basis then it will confirm lower top lower bottom structure. In past...