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By EquityPandit

INDUSINDBKMARKET OUTLOOKSTOCK OUTLOOK

ndusind Bank ” Outlook for the Week (February 19, 2024 – February 23, 2024)

Indusind Bank
Indusind Bank
ndusind Bank ” closed the previous week on a negative note losing 5.03%.

Technically, ndusind Bank ” share price will see immediate support at 1,447.37 and immediate resistance would be seen at 1,523.22.

If ndusind Bank ” share price closes below immediate support of 1,447.37, then sharp breakdown can be seen. ndusind Bank ” share price will see major support at 1,401.08 for the week.

1700.001700.001650.001650.001600.001600.001550.001550.001500.001500.001450.001450.001400.001400.00Jan 5Jan 5Jan 10Jan 10Jan 15Jan 15Jan 18Jan 18Jan 23Jan 23Jan 29Jan 29Feb 1Feb 1Feb 6Feb 6Feb 9Feb 9Feb 14Feb 14Reversal Level 1496.87BuySellSell

On the positive side, immediate resistance will be seen at 1,523.22. Closing above 1,523.22, ndusind Bank ” share price will see a sharp breakout. Major resistance for ndusind Bank ” share price will be seen at 1,552.78 for the week.

Trading range for ndusind Bank ” share price for this week should be between 1,371.52 on down side and 1,599.07 on up side.

ndusind Bank ” Previous Week High: 1506.5

ndusind Bank ” Previous Week Low: 1430.65

ndusind Bank ” Previous Week Range: 75.85 Points

ndusind Bank ” share price support and resistance for the week (February 19, 2024 – February 23, 2024)

Level Type Value
Resistance 3 1,599.07
Resistance 2 1,552.78
Resistance 1 1,523.22
Support 1 1,447.37
Support 2 1,401.08
Support 3 1,371.52
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