INDUSINDBK | NSE | ANALYSIS
Hey guys!
Above are my reasons to enter the trade.
Thank you!
- 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!
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