Indusind Bank Short term

IndusInd Bank has given a breakdown and is very likely to reach 470. Volatility has reduced in recent sessions, but banks continue to be volatile, and one such high beta stock is Indusind Bank. I expect the target to be reached within this week. Safe strategy would be to sell 500 CE and buy 510 CE for hedging purpose. Trade according to your analysis.
This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in stock market.
Consult your financial advisor before taking trades
I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible.
Trade carefully
Comment: Intraday wise, it is looking bearish. Target of 483-482, which day's low, if confirmation is there, that is, if breakdown is visible on charts. I am just educating about how I would take a trade. This is my opinion not advise
Comment: Ranging between 490.3
and 488.55
Waiting for a breakout on
either side, but my bias is selling


im holding 100 stocks at 515 rs could i hold it or i just sell kindly provide some details sir
@vickyv699, The stock, in my opinion, is fundamentally pretty strong and it has been growing at a rate, better than its peers. A change in its management and current condition of COVID are the only two short term hurdles for Indusind, in my opinion. Profit has been consistently growing over the years and its NPA have also been on the lower side, which is a good sign. So, for long term, this is a nice company, and buying on dips could be preferred. 480-460 is a crucial level and accumulation near this would be appropriate, in order to average out your cost. But always remember to keep a stop loss, which suits your risk appetite and consult your financial advisor before taking or holding any investments.
+1 Reply
vickyv699 vickyv699
@inteliigentrader tq so much sir for your informations