INDUSINDBANK setup

INDUSINDBANK, is one of those rare stock which is making 52,weeks low in this market.



On all T/F and on all technical parameters  STOCK is placed in a very week zone.
We have medium term target objective of 1200 in coming weeks on this STOCK.


for short term  1320 is a temporary support once that breaks we should get this STOCK towards 1280 and 1240.
On TIME front to maintain the short term bearishness stock would have to print lower low below 19th,August low.

A sustained trade below 19th,August low would drag it towards 1200 and below in SEPTEMBER.

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