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Published on 16/09/2019 9:09:27 AM | Source: Religare Securities Ltd

Buy IndusInd Bank Ltd For Target Rs.1460 - Religare Securities

Posted in Broking Firm Views - Short Term Report| #IndusInd Bank Ltd #Banking Sector #Trading Report #Religare Securities Ltd

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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. 

Recommendation

Buy IndusInd Bank Ltd @ 1380-1390 Stoploss 1350 Target 1460 CMP 1398.60

 

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