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    HomeNewsBusinessMarketsBuy IndusInd Bank, target Rs 1740: Jayant Manglik

    Buy IndusInd Bank, target Rs 1740: Jayant Manglik

    We advise traders to use this phase and accumulate in the range Rs 1,600-1615, says Jayant Manglik of Religare Broking.

    Moneycontrol Contributor
    October 09, 2018 / 11:44 IST
    No. 4 | Bank: IndusInd Bank 7.25 percent| Annual rate of interest: | What Rs 1 lakh grows to in three year: Rs 1,24,055
       
       
      26 Aug, 2025 12:21
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      Jayant Manglik

      IndusInd Bank has witnessed a decent profit taking from its record high and currently hovering around the support area of 100-EMA on the weekly chart.

      Considering its chart pattern and oversold positions, we expect marginal consolidation followed by strong rebound ahead. The rise in volume also indicates buying interest. We advise traders to use this phase and accumulate in the range Rs 1,600-1615. It closed at Rs 1600 on October 8, 2018.

      (Disclaimer: The author is President, Religare Broking. The views and investment tips expressed by investment expert on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions)

      Moneycontrol Contributor
      Moneycontrol Contributor
      first published: Oct 9, 2018 11:44 am

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