TREND ANALYSIS
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Wait for Proper Entry.
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Educational Chart Only.
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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...
One might want to buy Indusind bank on dips with SL of 1380 and targets of 1457/1478/1501. Confirmation received on the RSI. Attractive buy at these levels.
my stance is bullish but at levels so will like to buy at lower levels , already nifty and banknifty are oversold . a bounce and consolidation very llikely.
structure looks well , important base at 158-165 zone
upside can even be above 210 as it tested the levels multiple time . risk reward in favour on long side .
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