INDUSIND BANK
A HUGE BREAKOUT EXPECTED

Now this stock is shy away of the critical resistence. In this banking stock i'm expecting a huge breakout after the consolidation of nearly 5 months between 50 and 40 after the huge fall from 64.25 to the low of 27.30. Now 50 is the heavy resistence for this stock. 50 which is the 61.8% fibo resistence of the fall from 64.25-27.30 and the highs of September and December (in chart u can see the straight resistence line) and the 8 month Bear trendline which is connected the highs of 64.25 and 50.40. Once we saw the breakout from 50 then tis stock will kiss the 64. Buy only after the breakout. The strong support comes at 45 which is the 50DMA, 100DMA and 200DMA support. My faviurite indicators like CCI, RSI and BB all are showing buying strength in this counter.