Religare Super Ideas
IndusInd Bank Limited (INDUSINDBK)
INDUSINDBK has been trading in a corrective phase for more than a year now, after making a new record high in Aug,2018. Currently, it’s hovering around the support zone of long term moving averages and likely to see rebound in the near future. We thus advise initiating fresh longs in the given range.
Buy IndusInd Bank Ltd @ 1380-1390 Stoploss 1350 Target 1460 CMP 1398.60
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