Stock of the day : Indusind Bank Ltd For Target Rs. 35 - Religare Broking
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Indusind Bank Ltd
* Within the banking space, INDUSINDBK has shown relative underperformance.
* Stock has been under downturn within the falling channel, forming lower lows and lower highs.
* Projects negative bias and expectations for further weakness could mount.
* Simultaneously, stock has given a breakdown below its 100 EMA on the weekly scale.
* Traders are recommended to play the counter with a negative bias in the mentioned range via PUTS.
Buy Indusind Bank Ltd CMP 18 Range 16-19 SL 12 Target 35
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SEBI Registration number is INZ000174330
