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golchha123

Short Indusind Bank (1st analysis)

Short
INDUSIND BANK LTD (NSE:INDUSINDBK)  
golchha123  
NSE:INDUSINDBK   INDUSIND BANK LTD
Trend Analysis Chart Patterns Technical Indicators
1
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trendanalysis chartpattern indicator
Date: 4 aug 2019: Indusind Bank (LTP 1383 when posted) has tested 200 DMA weekly again and again. Its almost third time its weekly closing is below 200dma. Its on the verge of breakdown. A very sharp fall can be expected in coming weeks.
shorting range: 1390 - 1420.
SL : 1452
Target 1100.
This stock can go upto Rs. 670 in coming years. This stock shall not perform in coming 3-4 years.
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