Published on 2/07/2020 2:23:49 PM | Source: HDFC Securities Ltd

Momentum Pick - Buy Indus Ind Bank Ltd For Target Rs. 530 - HDFC Securities

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

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Momentum Pick - Buy Indus Ind Bank Ltd For Target Rs. 530 -   HDFC Securities


* After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today.

* Currently, the price is making an attempt to show upside move above the key upper resistance.

* The short term trend has turned positive.

* We observe a formation of positive candlestick pattern as per intraday/daily timeframe chart.

* Volume has started to rise along with the upmove in the stock price.

* The daily/intraday RSI is showing positive indication.

Buy Indus Ind Bank Ltd 1-7 Days @495-503.8 Target 530 SL 482


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