Score 7.5 (out of 10): INDUSIND BANK LTD sets up for 17.5% rally in 2 months

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Insight:

INDUSIND BANK LTD has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, INDUSIND BANK LTD shares had a median return of +17.5%, over the following 2 months – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for INDUSIND BANK LTD received a high score of 7.5 (out of 10). This insight was generated on 2021-October-31 with last price of 1232.65. INDUSIND BANK LTD is in the Commer Banks Non-US business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth 8.4% more (average).

Details:

NameINDUSIND BANK LTD
ViewUp
Star (1 to 10)7.5
Target+17.5%
Time2 months
Hit Rate80%

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

5.7% (August-2021), -3.7% (April-2021), 22.3% (January-2021), 43.4% (October-2020), 19.6% (July-2020), 37.2% (May-2020), 17.4% (April-2020), -22.6% (January-2020), 17.5% (October-2019), 2.6% (September-2019).

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