IndusInd has given a breakout in the previous session. I expect the momentum to continue towards the upside. My bias on Banknifty is currently bullish, due to the structure which HDFC Bank is forming, and as it is a heavy weight in Banknifty, I expect a breakout in HDFC Bank would be followed by a bullish move in Banknifty. And as IndusInd Bank is a part of...
I hope you can now see how the Indusindbk 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 assumed...
Note: This is for educational purpose only. There seems to be a build up near resistance in Indusind Bank with ascending triangle formation. RSI is above 50 and there is a spike in buying volume.
IndusInd bank is ready to form a double Top
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Elliott Wave and Cup and Handle pattern suggest go long in Indusind Bank