Indus bank is in the consolidation phase after a big downfall. If this triangle consolidation breaks on the downside downtrend will continue.
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Our call has not been activated yet
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IndusInd bank has taken a bounce, trading on an upper trendline of the triangle. Aggressive traders can take a short position with a small stop loss above 1630 but if you want a confirmation then wait for the prices to break lower trendline, follow the initial call of shorting below 1545.
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Amaraja still following the triangle. Prices from upper trend line retraced back to lower one. If it remains in triangle movement will be more choppier in coming days