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By EquityPandit

INDUSINDBKMARKET OUTLOOKSTOCK OUTLOOK

ndusind Bank ” Outlook for the Week (February 26, 2024 – March 01, 2024)

Indusind Bank
Indusind Bank
ndusind Bank ” closed the previous week on a negative note losing 4.15%.

Technically, ndusind Bank ” share price will see immediate support at 1,453.60 and immediate resistance would be seen at 1,516.90.

If ndusind Bank ” share price closes below immediate support of 1,453.60, then sharp breakdown can be seen. ndusind Bank ” share price will see major support at 1,426.90 for the week.

1700.001700.001650.001650.001600.001600.001550.001550.001500.001500.001450.001450.001400.001400.00Jan 12Jan 12Jan 17Jan 17Jan 20Jan 20Jan 25Jan 25Jan 31Jan 31Feb 5Feb 5Feb 8Feb 8Feb 13Feb 13Feb 16Feb 16Feb 21Feb 21Reversal Level 1476.38BuyBuySellSell

On the positive side, immediate resistance will be seen at 1,516.90. Closing above 1,516.90, ndusind Bank ” share price will see a sharp breakout. Major resistance for ndusind Bank ” share price will be seen at 1,553.50 for the week.

Trading range for ndusind Bank ” share price for this week should be between 1,390.30 on down side and 1,580.20 on up side.

ndusind Bank ” Previous Week High: 1526.8

ndusind Bank ” Previous Week Low: 1463.5

ndusind Bank ” Previous Week Range: 63.3 Points

ndusind Bank ” share price support and resistance for the week (February 26, 2024 – March 01, 2024)

Level Type Value
Resistance 3 1,580.20
Resistance 2 1,553.50
Resistance 1 1,516.90
Support 1 1,453.60
Support 2 1,426.90
Support 3 1,390.30
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