INDUSIND BANK Trying to break out of Triangle. If happens, and with good volume, then possible upmove till 1508 levels. RSI also moving in triangl formation and trying to break free. Volume also reducing as price getting squeezed in the triangle. Upmove till 1508 also shows Bearish Bat pattern with D point at a resistance level and fibo level of around 1508.
Downward channel... If breakout upside then targets possible marked in green. Strong support at 2480 levels.
SR levels plotted... If breaks CMP the upwards targets marked
INFY Triangle formtion - NEED TO WAIT FOR BREAKOUT. Simple ABCD Formation and then FIbo levels plotted show retracement from uptrend at point D is also coinciding with Fibo level of 100% if momentum continues in coming days and gives breakout then possible target achievement.
THe breakout from the channel or the curve pattern was with good volume. I see a possibility of the target in green to be matched in the near medium term.