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Indusind Bank

29 Jul 202001:29 AM

Indusind bank may now start wave 3 finally. But looking back this is the larger degree wave count. Now after having spotted Leading diagonals in bear markets many times I have to admit I messed this one. Last year I thought it was ending a decline. But Leading diagonals in bear markets are always brutal. Now that was wave 1 of C and the 5th of C is truncated at a higher bottom. We are then at a wave 2 pullback. If I presume that completed at the recent low of 504 then I can draw a rising channel and 3=1 goes to 862. This is a weekly chart

indusind 290720

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