Hello Traders. My view for
INDUSINDBK
is Slightly bearish to Bullish. As you can see rising wedge pattern is formed in the chart and bearish divergence can be seen in RSI.
The stock has already rallied upto 50% of the fall after Aug 2018 and can respect the 61.8% level in coming couple of months which is 1350 - 1400 level.
Before you invest please consult with your financial advisor. I am not SEBI Registered Advisor and I am sharing the idea for educational purpose.
INDUSINDBK
is Slightly bearish to Bullish. As you can see rising wedge pattern is formed in the chart and bearish divergence can be seen in RSI. The stock has already rallied upto 50% of the fall after Aug 2018 and can respect the 61.8% level in coming couple of months which is 1350 - 1400 level.
Before you invest please consult with your financial advisor. I am not SEBI Registered Advisor and I am sharing the idea for educational purpose.