After a steep fall, a “V” shaped recovery has been noticed in the daily charts of Indusind Bank charts creating a steep pole like structure. And following few sessions have been trading within a narrow range which looks like a development of “Flag” like pattern. This seemingly flag pattern is occuring around a support zone which is a plus point. A long can been created above the high of this flag pattern with a stoploss below the flag once the breakout takes place with good volumes.
INDUSIND BANK – BULLISH FLAG PATTERN
