INDUSINDBK--AT untested Supply zone??

15 may 2023

Observations:
-------->>the stock is trending upwards.
--------->> At previous resistance level a strong breakout with upside move is observed.
--------->> If price again take support from this zone110 level, we will observe a breakout above 1220 is possible.
---------->> from here price is reversal or continue move upwards to 1260 levels.
---------->> now price is previous untested supply zone, keep watch this levels.

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In my previous post i have given that this is a false breakdown
look at this ,

23 may 2023

Nota

IINDUSINDBANK @ supply zone, if price falls below trendline and not able to breaks above supply sell target of demandzone.

24 may 2023

Nota