Indusind Bank is in Downtrend : Short Sell Opportunity

Indusind Buy or Sell Technical Analysis Tip

Indusind bank has given not very encouraging results and one can make lots of money by short selling rather than by going long. However, very many traders are not comfortable short selling as they get the guilt pangs that they are contributing to the fall in the market.

Have a look at a stock chart and one will realise that if the stock remains below 1440 level, we may see stock touching 1400, 1360 and 1223 level.

Indusind bank is at times an avoid from an investment perspective and buy this stock only if it moves above 1540 level. As a disclosure, we are short in this stock and the same has been given as a sell call for our intraday trading tips clients.

As an advise that if you want to invest in the banking sector than you can consider HDFC bank, ICICI Bank and Kotak Bank which are doing very well for themselves.