IndusInd Bank Share: Chart Check: IndusInd Bank forms a Head and Shoulders pattern; Less than target of Rs 650 in 1-2 months: Kapil Shah

[ad_1] The bank, part of the private sector banking sector, has fallen over 30 per cent from its October 2021 highs and puts the stock in a bear grip and the chart pattern suggests the pressure is likely to continue. The stock with a market capitalization of over Rs 63,000 crore hit a 52-week high of Rs 1241 on 28 October 2021 but failed to sustain the momentum. It closed at Rs 806 on June 24, 2022 which translates to a fall of over 35 per cent. The private sector…