INDUSINDBK trade ideas
INDUSIND Consolidation Breakout is likely - Watch itINDUSIND is consolidating between 480-570 levels on daily charts for the last 2 months, BANKNIFTY also looks bullish, continued momentum in BANKNIFTY and if price sustains above 570, it will easily reach 740 levels. in the last few sessions, every fall it is traded with low volume, indicating accumulation. 560-570 level is already tested, so if it breaks it can quickly jump to 700 levels.
Buy Opp above this mentioned Resistance ZonePositional Trade Opp, Use your own RR according to your risk appetite.
Weekly RSI into consideration.
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