Stock Analysis of Indusind Bank :
The technical looks that the recent trend is bearish, price trending into downside, and currently trading near to short-term support zone of 1545, following downtrend channel, and in the daily chart we found recent bullish breakout but price, but price again start range bound between, a short-term upside channel, short-term resistance will be at 1553, 600EMA also found at the same level, formed new support zone will be at 1443, major trend line retest zone also formed at the same level, anticipated for Bullish momentum.
In the Fundamental analysis, we found that the stock having current quarter results are positive and stock start showing the positive return in the recent week, last 1-year return are in (-VE) which show correction, PE ration will be at the good level of buying, if we compare it with there peer the stock will be found attractive,
SUMMARY OF ANALYSIS OF INDUSIND BANK:
Overall stock recovering from long bearish momentum, technically looks good and fundamental are also found good
in all aspects for the short term, it will be a good buy above 1552, with a strict stop loss of 1443.
In the aspects of investing for long-term stock looks good