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Podcast | Today's Pick: IndusInd Bank

Gitanjali Diwakar | Updated on April 21, 2020 Published on April 21, 2020

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.

Published on April 21, 2020
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