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By EquityPandit

INDUSINDBKMARKET OUTLOOKSTOCK OUTLOOK

ndusind Bank ” Outlook for the Week (May 13, 2024 – May 17, 2024)

Indusind Bank
Indusind Bank
ndusind Bank ” closed the previous week on a negative note losing 7.72%.

Technically, ndusind Bank ” share price will see immediate support at 1,365.73 and immediate resistance would be seen at 1,482.28.

If ndusind Bank ” share price closes below immediate support of 1,365.73, then sharp breakdown can be seen. ndusind Bank ” share price will see major support at 1,321.32 for the week.

1580.001580.001560.001560.001540.001540.001520.001520.001500.001500.001480.001480.001460.001460.001440.001440.001420.001420.001400.001400.001380.001380.00Mar 26Mar 26Apr 1Apr 1Apr 4Apr 4Apr 9Apr 9Apr 15Apr 15Apr 19Apr 19Apr 24Apr 24Apr 29Apr 29May 3May 3May 8May 8Reversal Level 1448.33BuySellSell

On the positive side, immediate resistance will be seen at 1,482.28. Closing above 1,482.28, ndusind Bank ” share price will see a sharp breakout. Major resistance for ndusind Bank ” share price will be seen at 1,554.42 for the week.

Trading range for ndusind Bank ” share price for this week should be between 1,249.18 on down side and 1,598.83 on up side.

ndusind Bank ” Previous Week High: 1510

ndusind Bank ” Previous Week Low: 1393.45

ndusind Bank ” Previous Week Range: 116.55 Points

ndusind Bank ” share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type Value
Resistance 3 1,598.83
Resistance 2 1,554.42
Resistance 1 1,482.28
Support 1 1,365.73
Support 2 1,321.32
Support 3 1,249.18
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