Sunday, May 1, 2011

IndusInd Bank (INDUSINDBK): A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook


INDUSINDBK closes  at 259.80 with a fall  of -2.7% on 29 April 2011 with formation of Bearish Long Black Candle on Daily  Price Chart. Technically, INDUSINDBK  is in Bearish  zone. Momentum Index Spearman &  FVE are in bearish mood. PIR Daily is below its Weekly Value. It has broken mid-term Regeression line on daily price chart.ADX is also down.
We Recommend to Sell – INDUSINDBK at CMP
Target- 215
Time Frame- 20-30 Trading Days
Stop-Loss -267
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