INDUSIND BANK: Parallel Channel Bottom + 100 EMA Support🎯

Long

INDUSIND BANK LTD (NSE:INDUSINDBK)

NSE:INDUSINDBK INDUSIND BANK LTD

Trend Analysis Chart Patterns Technical Indicators priceaction breakout swingtrading

trendanalysis chartpattern indicator priceaction breakout swingtrading

A good bullish candle is formed at the bottom of the parallel channel indicating support. Besides, IndusInd bank has a history of taking support on 100EMA since September 2020 (7 months). Based on the same analysis, I gave an idea on 29 Jan too (past support day) and it worked like charm.

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