IndusInd Bank price Action with pattern confirmationIndusInd Bank Ltd.NSE:INDUSINDBKKamalKJoshiIndusInd Bank is currently trading around the 840-850 INR range, showing resilience near its 50- and 200-day moving averages which are positioned around 774 and 800 INR respectively. The stock has demonstrated an upward price momentum recently, recovering from lows near 600 INR earlier in the year and approaching yearly highs near 1086 INR. Technically, IndusInd Bank is in a moderate uptrend as price stays above key moving averages and near a recent resistance zone just under 860 INR. Short-term momentum indicators generally support this bullish bias, while volume levels remain healthy. On the downside, the stock may find support near 800-820 INR, a zone aligned with moving averages and prior consolidation areas. For upside, a breakout above 860-870 INR could open room toward the yearly highs around 1080-1100 INR. From a risk perspective, traders should watch for price breaches below the 200-day average and consider volume confirmation for any reversal signals. Overall, the technical picture suggests cautious bullishness in IndusInd Bank over the near term, with steady uptrend potential while respecting key support levels. This outlook suits traders looking for trend-following opportunities with appropriate stop loss placement near support zones. Longer-term investors should monitor fundamental factors alongside technicals to confirm sustained growth potential.