Indusind Bank heading up trend reversal

10 Kas 2016

INDUSIND Bank after trading in long term up trend is seems to have gone in trend reversal, it struggling to breakout further upward but remained unable and retesting the resistance, there is a good opportunity in this stock to short at CMP with a target of around 1150.00,or if break this level next support is 1080.00 as fibo 38% extension, it has already retraced 23%. Traders may enter long with small stop loss if upward breakout occurs.