IndusInd Bank is very fascinating: Deepak Mohoni

In a chat with ET now, Deepak Mohoni, Director, trendwatchindia.com, talks about IndusInd and Dhanalakshmi Bank. Excerpts:

IndusInd and Dhanalakshmi Bank what do you make out of the charts?

Dhanalakshmi is enjoying a more recent run up. Both these banks have crossed their 2008 highs by a wide margin. Dhanalakshmi had a brilliant last 5 or 6 months in particular; but IndusInd Bank is actually very fascinating because if you look at it on a long scale it's very linear that gives you an excellent exit. It stopped going a longer trend so this is a very nice chart and it's a good persistent mover so you can always pick it up when it comes to the lower side of the linear kind of rising band and get good return. So this is mathematically easier to play IndusInd Bank but both banks are very good right now.