Indusind Bank Bullish Divergence on Daily ChartBullish Divergence + Price approaching Support trendline of the channel shown.
Such Divergence on daily chart indicates a strong bounce.
We already saw some buying towards the end of the day.
Buy around 1130 and hold or wait for horizontal support around 1045.
INDUSINDBK trade ideas
INDUSIND Neutral Nov Expiry OptionsLong term support at 1290, bounced from there
Still in the descending channel
Right now at the top of the descending channel
Can breach right through it or get rejected
If it breaches, it will retest this trend line and move upwards
If it rejects then move downward