Potential upcoming reversal for IndusInd bank

IndusInd bank has recently had a breakout from a strong consolidation zone. The MACD indicator and the RSI indicator currently show great bullish potential for this stock as well. IndusInd is also currently at a strong tested level of support at 976, and thus could continue moving upwards with a potential target of 1256. There is also a chance that IndusInd continues its original move to the downside, in this case it is likely that IndusInd will continue moving downwards, hit a very strong support level at 797 and then reverse to upside once again.

I am not a sebi registered advisor, this idea is posted for educational purposes only.