Indusind bank is weak and can test good lows and maybe even go below 1000!.(positional)

Indusind bank was bullish till 2018( first half )and since then the stock couldn't resume its up trend and starts creating lows!.

Now, in the week gone by it posted a bad result.

Now technical important zones to trade Indusind bank!.

CMP=1223
Important zone for short 1184
stoploss 1220
target T1 =1050
T2 =980


So intarday,sell below 1184,sl 1200 and target is open!.
positional sell below 1184 target 1050 stop around 1220(134:36)(1:3.7)
Below those levels fall can be really hard.
or safely buy a put option like put 1160 or 1200(just check and confirm its rate and risk).
Because the downside is pretty large as it’s breaking an important support.

note-this not a recommendation and only for learning purpose.

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