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
Trade active
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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
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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.