IndusInd Bank Ltd.
Long

One can average this counter

131
Indusind Bank CMP 826

Elliott - the box method is telling the the correction got over at 600. The rally post that has five waves hence this dip becomes an opportunity to buy.

Volume - the stock did not bottom at high volume. It made several small narrow range candles with volume total drying and then the rally emerged.

Conclusion - in the banking space there are many quality stocks to buy hence will not suggest fresh purchase. But for people holding this counter u can definitely look to average.

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