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SELL
IndusInd Bank
Sell Below: Rs 1,040
Target: Rs 990
Stop Loss: Rs 1,070
In the past few sessions, IndusInd Bank has rallied from Rs 800 zone towards the recent high of Rs 1,070 without any corrective move.
At this point in time, the stock is facing some headwinds at the placement of the 200 week moving average. The intraday chart are showing signs of exhaustion and thus we might see some profit booking.
Thus, we advise traders to sell the stock only below Rs 1,040 for downside target of Rs 990 in the coming sessions.
BUY
Birlasoft
Buy Near: Rs 345
Target: Rs 365
Stop Loss: Rs 335
The stock has confirmed
