INDUSIND BANK IS ABOUT TO HAVE A NICE UPWARDS RIDE...

TECHNICAL INDICATORS :

1. ASCENDING TRIANGLE BREAKOUT -
   
   The stock has broken out of the this pattern on weekly chart
   
   
2. REVERSAL FROM 50D, 100D, 200D SMA -
   
   The stock has also reversed from all the 3 sma simultaneously indicating very strong upside pressure building up
   
   
3. REVERSAL FROM STRONG SUPPORT-RESISTANCE ZONE -
   
   On top of that the stock has also reversed from a zone which had earlier acted as support and resistance level multiple times
   

FUNDAMENTAL INDICATORS :

1. BETTER PROFIT MARGIN POSTED COMPARED TO ITS PEERS ON THE LAST QUARTER -
   
   The stock has also posted almost double profit margin percentage compared to ICICI, Kotak Mahindra and so on. Only SBI has posted same profit margin as indusind and sbi is also trading above all the 3 sma on Daily, Weekly & Monthly timeframes indicating the strength of this stock's upside momentum
   

Trade stängt manuellt:

Half of TP has been reached, still closed the position as the momentum is lost in the price & lot of doji is formed indicating reversal soon