INDUSIND BANK:- INDUSIND BANK stock price is up by 121 points or 8.77 % to 1494.65 in the previous trading session. The stock price is in short term correction trend since 18 April 2019 falls from the high of 1823.75. The stock price capitalized in the previous session after rebounding at the support level of 1350.
It has formed a long bullish candle and closed near the day high with the strong positive momentum. In addition to this, we have also witnessed some buying interest in the stock. It has support at 1400 level and resistance placed at 1600 in the short run.
The stock price if continuing to hold above the support line may test the upside of 1550 -1600 in the short to medium time frame.
Moneyites.com recommends buying the stock at the current price and accumulate more near 1460 level with a stop loss of below 1400 on closing basis for the upside of 1550-1600.
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