INDUSINDBK | NSE | ANALYSIS

Hey guys!

• IndusIndBk has broken out of its major resistance level and has flipped it to support.
  
• It has consolidated for a while above the support, which is healthy. And, it's closing in on the D-Day.
  
• MACD is converging bullish adding to the bias.
  
• Stoch RSI has bottomed out and is ready for a reversal.
  
• Next possible resistances are way above 600 rupees, which is the 200MA on the 4H. That's a 30% easy target in the coming months.
  

Above are my reasons to enter the trade.

Thank you!