INDUSINDBK
Bullish on INDUSIND BANK
Trade Setup:
This is a positional breakout trade with a favorable risk-reward ratio. The structure indicates potential for a move toward *855 initially, with ₹900+ as a stretch target if momentum sustains.
✰ Entry Zone: On a breakout above 780-7785
Target Zone: *855 / 900+
✰ Stop Loss: *745 (on daily close basis)
Disclaimer: This is not investment advice. Please do your own research or consult with your financial advisor before making trading decisions.


INDUSINDBK
As of May 5, 2025, here are the key 1-Month Support and Resistance levels for IndusInd Bank Ltd. (NSE: INDUSINDBK) based on recent technical analyses:
📊 Monthly Support and Resistance Levels
Level Value (₹)
S3 809.77
S2 888.08
S1 941.97
Pivot 1,015.58
R1 1,074.17
R2 1,152.48
R3 1,206.37
These levels are derived from the previous month's price range and are commonly used to identify potential reversal points in the market.
📈 Technical Indicators
Relative Strength Index (RSI): 44 (Neutral)
Moving Average Convergence Divergence (MACD): 5.16 (Sell)
Average Directional Index (ADX): 25.44 (Weak Trend)
Commodity Channel Index (CCI): -61.09 (Downtrend)
Money Flow Index (MFI): 26.16 (Strong Downtrend)
These indicators suggest a neutral to slightly bearish momentum, indicating potential downward movement if selling pressure increases.
📌 Summary
Immediate Support: ₹809.77
Immediate Resistance: ₹1,074.17
Medium-Term Outlook: Neutral to slightly bearish, with mixed signals from moving averages and momentum indicators.
Please note that technical analysis is subject to change based on market conditions. It's advisable to monitor these levels regularly and consider consulting with a financial advisor for personalized investment advice.
