INDUSIND BK: Strong buy

Hello everybody!

The price here is still developing but with the confluence of several conditions price should soon see a close above the 1275-1290 range, and take off and boom toward all time highs

TARGET: 1800+ [eventually to all time highs]
SL: 1110

A confluence of several patterns coming together:

• Recent cup and handle formation (wait for a breakout of same)
  
• Long-term S/R, testing it 3rd time now
  
• Upmove from covid lows and then the current accumulation phase
  
• Supply reduction from the past several months
  
• 20 & 200 EMA in close consolidation since last 18+ months, now with 20 starting to move away
  

Traders with risk appetite, BUY at the start of expiry & SELL towards the end of the expiry for every month of 2023 (keep position sizing in check).
Risk-averse traders take equity delivery.

BUY & Only BUY this stock in 2023.

INDUSINDBK