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Maverick_777

INDUSIND BANK: Parallel Channel Bottom + 100 EMA Support🎯

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INDUSIND BANK LTD (NSE:INDUSINDBK)  
Maverick_777  
NSE:INDUSINDBK   INDUSIND BANK LTD
Trend Analysis Chart Patterns Technical Indicators priceaction breakout swingtrading
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trendanalysis chartpattern indicator priceaction breakout swingtrading
A good bullish candle is formed at the bottom of the parallel channel indicating support. Besides, IndusInd bank has a history of taking support on 100EMA since September 2020 (7 months). Based on the same analysis, I gave an idea on 29 Jan too (past support day) and it worked like charm.

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