Indusind bank is in a continues uptrend from last six years i has moved from around 30 levels to current levels of around Rs.950/-. it is struggling to move and close above 950 levels it has made three attempts and in each attempts it has failed to move above it. The each rise post first correction was on high volumes but the those volumes failed to take it to new high which is a clear indication that the stock is in top formation and it would not move up in a hurry. it seems to have clearly formed a triple top show by three arrows. So indus ind bank is not a buy as of now we, it appears that it might end up on moving down. Any breach of 800 would confirm it and then it has all chances of moving towards 500, till then we have to keep a close watch bulls be carefull.
Mahiidar M
Enjoying Life
Trend is Friend.