Indusind Bank (Monthly) On higher timeframe charts we observe that the counter has breached an important support trendline and the recent headwinds faced in select Private banks are beginning to impact the Banking space and could lead to some swift declines. After the long term support trendline was decisively breached in June the charts formed a doji for the last...
1) Not able to break 580-- bearish divergence
2) Bank trade at 3.4x P/B and has been showing good performance
3) It is likely to show dip in price due to BANK NIFTY bearish view
4) Any dip should be used to buy
Based on my PredictiveSystem's signals, tomorrow (28-Mar) its going to be a huge RED candle for NSE:YESBANK
Sell below :302.7
Stop loss: 305.1
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own...