 "Bonds, Stock markets, Shares, Trading")
IndusInd Bank Limited
Rec: BUY
Last Close: Rs 1,607.90
Initiation range: Rs 1,600-1,610
Target: Rs 1,740
Stop loss: Rs 1,530
INDUSINDBK has witnessed decent profit taking from its record high and currently hovering around the support area of 100 EMA on the weekly chart. Considering its chart pattern and oversold positions, we expect marginal consolidation followed by strong rebound ahead. The rise in volume also indicates buying interest. We advise traders to use this phase and accumulate in the given range.
Sun Pharmaceutical Industries Limited
Rec: Buy
Last Close: Rs 609.75
Initiation range: Rs 605- Rs 610
Target: Rs 645
Stop
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