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By EquityPandit

INDUSINDBKMARKET OUTLOOKSTOCK OUTLOOK

ndusind Bank ” Outlook for the Week (February 12, 2024 – February 16, 2024)

Indusind Bank
Indusind Bank
ndusind Bank ” closed the previous week on a negative note losing 5.66%.

Technically, ndusind Bank ” share price will see immediate support at 1,449.12 and immediate resistance would be seen at 1,536.92.

If ndusind Bank ” share price closes below immediate support of 1,449.12, then sharp breakdown can be seen. ndusind Bank ” share price will see major support at 1,411.98 for the week.

1700.001700.001650.001650.001600.001600.001550.001550.001500.001500.001450.001450.001400.001400.00Dec 29Dec 29Jan 3Jan 3Jan 8Jan 8Jan 11Jan 11Jan 16Jan 16Jan 19Jan 19Jan 24Jan 24Jan 30Jan 30Feb 2Feb 2Feb 7Feb 7Reversal Level 1518.71BuySellSell

On the positive side, immediate resistance will be seen at 1,536.92. Closing above 1,536.92, ndusind Bank ” share price will see a sharp breakout. Major resistance for ndusind Bank ” share price will be seen at 1,587.58 for the week.

Trading range for ndusind Bank ” share price for this week should be between 1,361.32 on down side and 1,624.72 on up side.

ndusind Bank ” Previous Week High: 1550.45

ndusind Bank ” Previous Week Low: 1462.65

ndusind Bank ” Previous Week Range: 87.8 Points

ndusind Bank ” share price support and resistance for the week (February 12, 2024 – February 16, 2024)

Level Type Value
Resistance 3 1,624.72
Resistance 2 1,587.58
Resistance 1 1,536.92
Support 1 1,449.12
Support 2 1,411.98
Support 3 1,361.32
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