Breakout from an inverse head & shoulders pattern on Indusind
On the daily timeframe, a breakout from an inverse head and shoulders pattern can be seen. RSI indicator also suggests a positive momentum which may help keep the trend positive in the near term.
A target of 1560 in the near term in achievable which is also a resistance. A stop loss of 1450 should be strictly maintained.
A target of 1560 in the near term in achievable which is also a resistance. A stop loss of 1450 should be strictly maintained.
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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.