INDUSINDBK
This stock can be bullish, INDUSINDBK.
Support 1137 nearby
Final Support 1061 nearby
If price fall heavy, reversal is possible. The tail is an important role in this stock for confirmation of direction.
We have already seen tail last week but it's little smaller.
1242 is first target and last one is 1352 but the expected time will be too far for last target.
IndusInd Bank Trend Analysis !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 3 to 8 times.
IndusInd Bank: Possible swing move on the cards?Monthly: After forming multiple dojis, the price broke below the weak support indecisively. A weak hammer can be seen forming in Oct. A little bounce to test that zone can be seen this month.
Weekly: Price is making LHs and LLs. Last two candles show rejection of resistance.
Daily is in nice uptrend. We need a clear break from the Daily TL and price to make a LL. Once price closes below 1320, we can look to go positionally short on a pullback and 75min TF confirmation.