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Investors with a short-term perspective can sell the stock of IndusInd Bank at current levels. The stock plummeted 12 per cent on Tuesday, after recently testing resistance at ₹480. The short-term key resistance at ₹480 is limiting the upside.
IndusInd Bank now tests the 21-DMA and support at ₹400.
The short-term outlook is bearish for the stock. Targets are ₹385 and ₹375. Traders can sell the stock with a stop-loss at ₹411 levels.
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