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By EquityPandit

INDUSINDBKMARKET OUTLOOKSTOCK OUTLOOK

Indusind Bank Outlook for the Week (August 14, 2023 – August 18, 2023)

Indusind Bank closed the previous week on a negative note losing 2.93%.

Technically, Indusind Bank share price will see immediate support at 1,381.50 and immediate resistance would be seen at 1,423.50.

If Indusind Bank share price closes below immediate support of 1,381.50, then sharp breakdown can be seen. Indusind Bank share price will see major support at 1,365.75 for the week.

1460.001460.001440.001440.001420.001420.001400.001400.001380.001380.001360.001360.001340.001340.00Jul 3Jul 3Jul 6Jul 6Jul 11Jul 11Jul 14Jul 14Jul 19Jul 19Jul 24Jul 24Jul 27Jul 27Aug 1Aug 1Aug 4Aug 4Aug 9Aug 9Reversal Level 1389.26BuyBuySellSell

On the positive side, immediate resistance will be seen at 1,423.50. Closing above 1,423.50, Indusind Bank share price will see a sharp breakout. Major resistance for Indusind Bank share price will be seen at 1,449.75 for the week.

Trading range for Indusind Bank share price for this week should be between 1,339.50 on down side and 1,465.50 on up side.

Indusind Bank Previous Week High: 1434

Indusind Bank Previous Week Low: 1392

Indusind Bank Previous Week Range: 42 Points

Indusind Bank share price support and resistance for the week (August 14, 2023 – August 18, 2023)

Level Type Value
Resistance 3 1,465.50
Resistance 2 1,449.75
Resistance 1 1,423.50
Support 1 1,381.50
Support 2 1,365.75
Support 3 1,339.50

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