Stock Update $NSE:INDUSINDBK

Dear Followers,

I hope this message finds you well. I wanted to provide you with a brief update on the stock I have been monitoring.

It appears that the stock is approaching a potential resistance level Near 1630-1640 This is an important technical point where the price has historically had difficulty breaking through. It suggests that we may see a temporary halt in the current upward momentum and Possibly it will test 1520-1500 In Downmove.

Resistance Levels to Watch out.

Resistance levels are the opposite, representing prices at which a stock has historically struggled to move above. These levels can signal a selling interest. Understanding resistance points is crucial for anticipating potential obstacles in the upward movement of a stock.

R1=1630
R2=1680
R3=1760

Support Levels To Watchout.

Support levels represent prices at which a stock has historically had difficulty falling below. These levels often indicate a strong buying interest. It's important to monitor these levels, as a breach might suggest a potential downward trend.

S1=1520
S2=1470
S3=1410

This message is for informational purposes only and should not be considered financial advice. It is crucial to conduct thorough research or consult with a financial advisor before making any investment decisions. We do not guarantee the accuracy or completeness of the information provided.

Best regards,

PrachiMetha

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