IndusInd Bank Ltd || 1 Day || Cup and handle IndusInd Bank Ltd — Detailed Analysis
Company Intro:
IndusInd Bank Ltd is one of India’s leading private sector banks offering retail, corporate, and digital banking services across the country. The bank has a strong footprint in consumer credit, deposits, and transaction banking, catering to millions of customers across urban and semi-urban regions.
Technical Perspective — Cup & Handle Breakout
The daily chart shows a classic Cup & Handle pattern, a bullish continuation setup formed over several months.Price has decisively broken above the key breakout level ~₹890, validating the pattern’s breakout.This breakout suggests a shift from consolidation to an upward trend re-acceleration.
Sustained trading above ₹890 keeps the structure bullish in the short to medium term.
📍 Resistance Levels (Upside):
• ₹930 — immediate minor resistance
• ₹1,030 — major resistance zone above
📍 Support Levels (Downside):
• ₹830 — key support if price retraces below ( Bearish)
• ₹710 — structural support
Trend Bias:
• Bullish above ₹890
• Neutral to Bearish below ₹830 / ₹710
Latest Update
Some macro/sector views indicate a softer Q3 earnings outlook relative to peers.
Source _Business Today
Broader corporate news includes regulatory probes related to past accounting discrepancies which the company is cooperating with.
Source _The Economic Times
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This analysis is for educational purposes only and should not be considered as investment advice. The author is not responsible for any losses arising from the use of this information. Investors are advised to consult a SEBI-registered investment advisor before taking any trading or investment decisions.
