HDFCBANK: Some more time before take off
The region between 1300 - 1750 is where the stock has moved over the last 3-4 years, significantly underperforming the overall benchmark indices, and also within the PVT banking space.
1300 - 1400 is a good range to accumulate for long term (3+ years). At first, it should break out of the range and trade above 1750, beyong which 2200-2500 opens up. The risk reward is in favour of long term investors.
If you want to exit, and move your capital to other stocks, 1300 should be the lakshman rekha (on WCB)
1300 - 1400 is a good range to accumulate for long term (3+ years). At first, it should break out of the range and trade above 1750, beyong which 2200-2500 opens up. The risk reward is in favour of long term investors.
If you want to exit, and move your capital to other stocks, 1300 should be the lakshman rekha (on WCB)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.