nano6yogesh

IndusInd bank - Topped out ?

Short
NSE:INDUSINDBK   INDUSIND BANK LTD
IndusInd bank made a lifetime high around 2040 on August 3, 2018.

However, with other strong banks like HDFC bank and Kotak bank coming off their highs, looks like IndusInd bank too will follow a similar path.

I can see that the stock got rejected at its long term trendline resistance and is slowly moving down.

Good opportunity to go short with a stop loss of 2050 and successive targets of 1950 and 1900.

Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.

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