INDUSIND BANK – WEEKLY BREAKOUT SETUP 🚀
IndusInd Bank is showing strong bullish momentum on the weekly chart after a clean breakout from a long-term descending trendline. This signals a potential trend reversal and continuation of the upside move.
Setup Overview:
✅ Trendline Breakout Confirmed
✅ Strong Bullish Candle with Volume Support
✅ Price Sustaining Above Key Resistance Zone
Trade Plan:
👉 Entry Zone: Above ₹1030 breakout level
👉 Stop Loss: ₹962 (Strong Support Zone)
👉 Target 1: ₹1080 (+4–5%)
👉 Target 2: ₹1185 (+8–9%)
Technical Insight:
After months of consolidation, the price has finally broken the falling trendline resistance. If it sustains above the breakout level, we can expect momentum buying and a short-covering rally.
Risk Note:
Avoid chasing at higher levels. Wait for a retest or confirmation near the breakout zone for better risk-reward.
IndusInd Bank is showing strong bullish momentum on the weekly chart after a clean breakout from a long-term descending trendline. This signals a potential trend reversal and continuation of the upside move.
Setup Overview:
✅ Trendline Breakout Confirmed
✅ Strong Bullish Candle with Volume Support
✅ Price Sustaining Above Key Resistance Zone
Trade Plan:
👉 Entry Zone: Above ₹1030 breakout level
👉 Stop Loss: ₹962 (Strong Support Zone)
👉 Target 1: ₹1080 (+4–5%)
👉 Target 2: ₹1185 (+8–9%)
Technical Insight:
After months of consolidation, the price has finally broken the falling trendline resistance. If it sustains above the breakout level, we can expect momentum buying and a short-covering rally.
Risk Note:
Avoid chasing at higher levels. Wait for a retest or confirmation near the breakout zone for better risk-reward.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.