WHAT NEXT AFTER INDUSIND BANK CRASH?
📉 IndusInd Bank’s Crash: What's Happening? 📉
Today’s massive drop in IndusInd Bank stock price has left investors stunned! The stock plummeted by over 22%, closing at ₹1,041.60, with a high at ₹1,694.50 earlier this year. With earnings missing estimates, reporting just ₹17 vs an expected ₹28.40 (a 40.14% negative surprise), the market responded aggressively. Even though revenues exceeded expectations, hitting ₹75.31B vs ₹67.653B, this wasn’t enough to prevent the crash.
Key technical levels to watch now:
📊 61.8% Fibonacci level: ₹1,035.95 – we’re right here!
📉 50% Fibonacci retracement: ₹1,138.40
💡 Support zone: ₹970-₹735 — The next key areas of interest lie between ₹970 and the 70% Fibonacci level at ₹735.05.
As the chart shows, the price is testing major long-term support areas. The question is, will this sell-off continue, or will bulls step in? Stay tuned and watch these levels closely. 💥
Today’s massive drop in IndusInd Bank stock price has left investors stunned! The stock plummeted by over 22%, closing at ₹1,041.60, with a high at ₹1,694.50 earlier this year. With earnings missing estimates, reporting just ₹17 vs an expected ₹28.40 (a 40.14% negative surprise), the market responded aggressively. Even though revenues exceeded expectations, hitting ₹75.31B vs ₹67.653B, this wasn’t enough to prevent the crash.
Key technical levels to watch now:
📊 61.8% Fibonacci level: ₹1,035.95 – we’re right here!
📉 50% Fibonacci retracement: ₹1,138.40
💡 Support zone: ₹970-₹735 — The next key areas of interest lie between ₹970 and the 70% Fibonacci level at ₹735.05.
As the chart shows, the price is testing major long-term support areas. The question is, will this sell-off continue, or will bulls step in? Stay tuned and watch these levels closely. 💥
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