What to do with HDFC Bank Stock now is the question of the hour.My personal view point: (Educational Analysis)(My 2 cents)
1) HDFC Bank Remains a Portfolio Stock.
2) When to Mega Companies combine their forces such results can happen.
3) The momentum of fall can take the stock further down.
4) What HDFC needs to improve their Deposits and work on their Profit Margins.
5) Those who have HDFC Bank can hold it and see if it can bounce from 50 Weeks EMA on a weekly Closing.
6) Further support for the stocks will be at 1369 or 1271.
7) Think of reducing if 200 Weeks EMA is broken on weekly closing.
8) Reduce further if 1369 is broken on a weekly closing.
9) Reduce further if 1271 is broken on a weekly closing.
10) Those who want fresh entry can wait for the bottom formation and bounce thereafter.
11) Pain for 2/3 quarters more might be instore for investors.
12) HDFC remains a Long term investment idea.
The above information and that in the video is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
