Indusind bank | Dirt cheap levels

Hi All
IndusInd has entered the dirt cheap valuation territory. As we can see the net income of the bank ( blue line at bottom) has been steadily going up and up with no downward shift. The price of the bank has broken the standard deviation vars in the supply zone and hence in attractive prices. I believe it's time to go long on for very good return in next 1-3 months in safe stock. The current price is totally irrational if we combine fundamental & technical analysis both. Seems like a screaming buy!! double click for daily levels

Commento:

booked 30% at 1525 today. aim to cover remaining ~1550

Commento:

Few observations on this scrip:
a. Promoters are looking to raise stake and have got RBI nod
b. stock is hammered down in single small timeframe candles drastically to get the price down
c. no fundamental issue observed though stock is trading at super low levels

Trade chiuso: obiettivo raggiunto:

target of 1525 reached again, trade to be closed.
Long term investors can hold for 1600+

Commento:

Fully booked around 1540

Commento:

1565