Indusind Bank is trying to make Inverse Head and Shoulder patter, Stock is trading above all EMA (20,50,100,200).
once pattern is broken, Stock has potential to reach 700+ levels.
Support is seen at 595 level.
I hope you can now see how INDUSINDBANK represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be...
Note: This is for educational purpose only.
There seems to be a channel & descending triangle bullish breakout with volume. Moreover, there is a trend line breakout in RSI as well.
Entry Price: ₹590
IndusInd bank is moving in channel since April. Trade from bottom of channel can be taken to top of channel.
Marked buy zone, target and stop loss.
This is not a trading advise or endorsement, only an educational idea. Consult your investment manager or do your risk assessment before entering any financial position.
Moving averages are looking weak and volume also not supportive for an upward movement.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.