Kinnari_Prajapati

This stock can be bullish, INDUSINDBK but, confirmation for you

Long
NSE:INDUSINDBK   INDUSIND BANK LTD
Volume should be rise, + price surge will be sign of reversal.
I am expecting GAP up.

For the CLOSE View:
Comment: Dont worry, just wait... we will surely take entry in this stock at bottom out on banknifty.
Trade active: As per you own risk 1100 Call of strike price Rs. 15 Rs. 20 is good level to buy ... but dont take overnight position. Stoploss will be Rs. 11

Comments

Thanks for the update.
+2 Reply
@STatpati, welcome.
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Good analysis but the increased bad loans had hit this bank so badly. This bank has exposure to Telecommunications and Realty sector. You may wait till 9th March as the bank is consolidating to raise funds issuing bonds. Anand tandon today expressed that it may hit 3 digit figures too so hold before being bullish on this stock.
+1 Reply
One of your worst calls Kinnari
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now what
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stock might reach 650 zones of 10 PE be cautious
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As per your view indus has closed with a candle with long tail and good volume, hour is a good time to buy???
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There is a very strong support at 971. The price rejection was rather strong! I am learning to pick up certain indications thanks to you.
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what target price you think...and time it could take approximately ?
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VALUATIONS OF THE STOCK ARE VERY WEEK INVESTORS FEAR IS THE TRADERS GREED NOW !!
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