Indusind Bank 75 Min Analysis , TRIANGLE PATTERN Triangle Pattern Formed .
1) Strong RSI Divergence .
2) Price Reacted From Demand Zone .
3) Entering In Supply Zone .
* Trade Set Up for long . Looking For Bullish Candle Strick Pattern Near Triangle Breakout .(Long Above It )
Preferable Above 428.
* Trade Set Up For Short . Look For Bearish Candle Pattern Near Supply Zone . And Below It Short . With Sl 428 .
Short Trade In this Pattern Not Looking Good Until Last Low Break .
IF SETUP COMPLETE And Market Support Our Direction then Go Long . With Your Bullish Set Up candle Low As A Stop Loss . First Target Will Be 468-475.
IDUSB trade ideas
Indusind Bank Bullish Divergence on Daily ChartBullish Divergence + Price approaching Support trendline of the channel shown.
Such Divergence on daily chart indicates a strong bounce.
We already saw some buying towards the end of the day.
Buy around 1130 and hold or wait for horizontal support around 1045.