IndusInd Bank is trying to move to its pre Covid-level Price. The Mishap that happened last year shocked the investors due to which a there was a 34% decline in stock from it good bull run.
The stock is gaining momentum and is pushing itself to its Intrinsic Value . We can expect the stock to move to a good 1300 - 1400 Level given that the it dosen't get affected...
This is a good opportunity for option buyers in BAJAFINV as there are high chances of stock goin into UC
And the rejection at these levels will turn into a huge fall.
My ideas are valid till 21st of JUNE
The stock has nicely formed double top pattern and gave clear breakout. It is also trading out of Regression Channel and RSI trading below 50 is confirming the bearish view. One can short the stock and look for the target of 353 in coming days.