IndusInd Bank - A potential upsideTHE TARGET
LTP on NSE on 14/Feb/2024 was INR 1484.50 (with a high of INR 1494.50 and a low of INR 1434.95)
Although it is a good buy at current levels, still conservatively I will accumulate even at dip to Rs.1440/-
Resultantly after all this discussion, I believe that the target price should be:
first INR 2050 and
second INR 2350.
Stop Loss should be INR 1350
Risk to Reward will be 1:9
Time horizon should be 12-15 months
Indusindbankchart
INDUSINDBK--False breakdown??Observations:
-------->>the stock is trending upwards.
--------->> previously at this level a strong consolidation with upside move is observed.
--------->> If price again take support from this zone we will observe a breakout above 1180 is possible.
look for buying In INDUSINDBK.