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INDUSINDBKMARKET OUTLOOKSTOCK OUTLOOK

ndusind Bank ” Outlook for the Week (May 20, 2024 – May 24, 2024)

Indusind Bank
Indusind Bank
ndusind Bank ” closed the previous week on a negative note losing 3.68%.

Technically, ndusind Bank ” share price will see immediate support at 1,383.12 and immediate resistance would be seen at 1,435.72.

If ndusind Bank ” share price closes below immediate support of 1,383.12, then sharp breakdown can be seen. ndusind Bank ” share price will see major support at 1,353.88 for the week.

1580.001580.001560.001560.001540.001540.001520.001520.001500.001500.001480.001480.001460.001460.001440.001440.001420.001420.001400.001400.001380.001380.001360.001360.00Apr 3Apr 3Apr 8Apr 8Apr 12Apr 12Apr 18Apr 18Apr 23Apr 23Apr 26Apr 26May 2May 2May 7May 7May 10May 10May 15May 15Reversal Level 1436.04BuySellSell

On the positive side, immediate resistance will be seen at 1,435.72. Closing above 1,435.72, ndusind Bank ” share price will see a sharp breakout. Major resistance for ndusind Bank ” share price will be seen at 1,459.08 for the week.

Trading range for ndusind Bank ” share price for this week should be between 1,330.52 on down side and 1,488.32 on up side.

ndusind Bank ” Previous Week High: 1429.85

ndusind Bank ” Previous Week Low: 1377.25

ndusind Bank ” Previous Week Range: 52.6 Points

ndusind Bank ” share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type Value
Resistance 3 1,488.32
Resistance 2 1,459.08
Resistance 1 1,435.72
Support 1 1,383.12
Support 2 1,353.88
Support 3 1,330.52
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