IndusInd Bank Long Rs 1350.1 , Stock has entered in the demand zone and it is trading
near to Long term support Price of Rs 1348. Reward to risk ratio is more than 5:1 at this price.
seeing the OI in calls and puts and last day expiry it is expected to trade in the range of 1340 to 1350 range ,
stock can be hold for 2 weeks.
Target for short term are as follows.
Entry 1350.1
Target 1497.85
SL 1330.15
near to Long term support Price of Rs 1348. Reward to risk ratio is more than 5:1 at this price.
seeing the OI in calls and puts and last day expiry it is expected to trade in the range of 1340 to 1350 range ,
stock can be hold for 2 weeks.
Target for short term are as follows.
Entry 1350.1
Target 1497.85
SL 1330.15
Trade active:
Stock has shown many ups and down , but in spite of downfall in NIFTY , Indusind trade is showing + momentum, remain in trade.
Trade closed manually:
Stock is in profit at Rs 70-80 Point basis. It is advised to closed the trade and book profit of App Rs 75 per share.