INDUSIND BANKSimple chart based on price action. A parallel channel within another channel.
Breakout from the inside channel.
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INDUSINDBK trade ideas
IndusInd Bank Ltd - WEEKLY CHART VIEW!!#INDUSINDBK
IndusInd Bank Ltd.
Anticipated Bounce back above 530 helped the price to add fresh positive strength and demand to fly high.
As of now 670 - 690 - 700 should consider as resistance and 625 - 600- 580 as support.
Fresh upside above 700 expecting to increase bullish sense further .
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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