IndusInd Bank tests ₹858 support, Ichimoku structure weakens

closed near ₹862 after testing ₹858 intraday. The latest small red candle indicates that selling pressure is still present after the decline from the ₹1,040 area, with buyers yet to create a decisive reversal pattern. Price is below the Tenkan-sen at ₹885 and well below the Kijun-sen near ₹937. The Ichimoku cloud is also overhead, between roughly ₹911 and ₹948, keeping the broader setup bearish. ₹858 is the immediate support to watch. A close below it can bring the ₹815 zone into focus. On the upside, ₹885 is the first resistance, followed by the ₹911–₹937 cloud band. Deposit growth, loan growth, margins and asset-quality trends remain important factors for the banking sector, while the chart needs a move back above the cloud to regain strength.