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By EquityPandit

INDUSINDBKMARKET OUTLOOKSTOCK OUTLOOK

Indusind Bank Outlook for the Week (August 21, 2023 – August 25, 2023)

Indusind Bank
Indusind Bank
Indusind Bank closed the previous week on a negative note losing 2.62%.

Technically, Indusind Bank share price will see immediate support at 1,355.87 and immediate resistance would be seen at 1,392.52.

If Indusind Bank share price closes below immediate support of 1,355.87, then sharp breakdown can be seen. Indusind Bank share price will see major support at 1,340.03 for the week.

1460.001460.001440.001440.001420.001420.001400.001400.001380.001380.001360.001360.001340.001340.00Jul 7Jul 7Jul 12Jul 12Jul 17Jul 17Jul 20Jul 20Jul 25Jul 25Jul 28Jul 28Aug 2Aug 2Aug 7Aug 7Aug 10Aug 10Aug 16Aug 16Reversal Level 1394.31BuyBuySellSellSell

On the positive side, immediate resistance will be seen at 1,392.52. Closing above 1,392.52, Indusind Bank share price will see a sharp breakout. Major resistance for Indusind Bank share price will be seen at 1,413.33 for the week.

Trading range for Indusind Bank share price for this week should be between 1,319.22 on down side and 1,429.17 on up side.

Indusind Bank Previous Week High: 1397.5

Indusind Bank Previous Week Low: 1360.85

Indusind Bank Previous Week Range: 36.65 Points

Indusind Bank share price support and resistance for the week (August 21, 2023 – August 25, 2023)

Level Type Value
Resistance 3 1,429.17
Resistance 2 1,413.33
Resistance 1 1,392.52
Support 1 1,355.87
Support 2 1,340.03
Support 3 1,319.22

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