Here's why Mehul Kothari is bullish on Rupa, IndusInd Bank

According to the technical analyst from Anand Rathi, IndusInd Bank has managed to break out from its four-month consolidation range, and can now rally towards Rs 1,070.

BUY

IndusInd Bank

Target: Rs 1,070

Stop Loss: Rs 970

After a consolidation of over four months, the stock has managed to breakout of its range above the Rs 1,000-mark. Despite the corrective move in the markets, the stock outperformed its peers and this indicates relative strength. Also, the stock has managed to finally close back above its 200-day moving average.  Thus, traders can accumulate the stock in the range of Rs 1,020 - Rs 1,010 with a stop loss of Rs 970 for an upside target of Rs 1,070 in the coming 1 – 3 weeks.

BUY

Rupa

Target: Rs 650

Stop Loss: Rs 500

Despite the uncertain