$INDUSINDBK.NSE - (IndusInd Bank Limited) formed a Bullish Bullish Pennant pattern on a 3 Month Chart.

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At 9PE, #INDUSINDBK is entering the value buy zone. However, there are huge shorts build up in this counter, as more retailers have taken long contracts, instead of buying in cash. May be after 1 more month of consolidation/long premium hunt, the value buyers could help this counter move up in 2025.

#INDUSINDBK (NSE) has hit 52 week low, due to not so encouraging Q2 results. However, any correction/sideways consolidation from here, can be used for ACCUMULATION for long term. It has already corrected almost 40% from its 52 week high. CMP 1017.