November 20, 2015
IndusInd Bank (NSE Cash)
BUY
` 895
` 925 - 920
` 977
5-10 sessions
908
897
936
973
Bullish
Source: Falcon (Time - 11:15 IST)
Recent correction in this stock got arrested around 50% retracement of the up move from 809.25 to
973.35. The stock managed to form a Bullish Hammer around it and since then it’s been trading with
a positive bias.
During today’s session, the stock prices traversed the daily ’20 EMA’ level of 913 with an ease,
indicating strength in the stock.
In addition, the daily ‘RSI-Smoothened’ has confirmed a positive crossover.
Looking at the above technical evidences, we advise traders to buy this stock from current level
to a decline up to ` 920 for a target of ` 977 in coming 5 to 10 trading sessions. The stop loss
for this trade set up can be kept at ` 895.
November 20, 2015
IndusInd Bank (NSE Cash)
Last 5 recommendations
Date
Stocks
Recom. Buying/Selling CMP Target 1 Target 2 Stop-loss
Status
20-11-15
Century Text
BUY
577 - 573
580
620
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542
Active
06-11-15
SBI
BUY
242 - 240
249
258
-
232
Active
05-11-15
Godrej Ind.
SELL
394 - 396
-
371
-
408.50
Booked @ 388
03-11-15
UltraTech Cement
BUY
2960 - 2940
-
3120
-
2870
SL Triggered
03-11-15
PNB
BUY
130.50 - 130
-
140
-
126
Target Achieved