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29-09-2023 10:33 AM | Source: Religare Broking Ltd
Stock of the day : IndusInd Bank Ltd For Target Rs.48 - Religare Broking Ltd

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IndusInd Bank Ltd

* Trading in a consolidation range i.e. 1360-1480 for the last two months.

* Seeing dip after retesting the upper band of the range.

* Uptick in volumes on the down days indicates possible pressure ahead.

* We thus recommend creating short trades through Put option.


Buy IndusInd Bank Ltd CMP 26.35; Range 24-27; SL 17; Target 48


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