Indusind Bank : Break of long term trendline

Indusind Bank has broken long term trendline on weekly chart. It has also started making lower top lower bottom structure on closing basis. Trend has changed to down. On lower side supports are at 1333 & 1265. Short term bounce can be expected from 1250-1270 zone towards 1550.

Order dibatalkan:

Counter didn't reach mentioned support. We'll come out with fresh perspective but supports mentioned will remain same