HDFC Mutual Fund Picks 0.56% equity on April 7 which also marks a 52 week Low and terminates the selling. Subsequently the companies has announced launch of a Semiconductor Subsidiary which is a Fundamental positive news. Elliot wave has marked its Wave 5 on the downside. Stochastic has given a buy signal now a rise above 40 on the Rsi will trigger buying and give a target of around 1350 from the current price of 1150 rewarding a 20% return. So Buy.
Note
On a runway, signals for takeoff will be given when RSI crosses 40. On April 11 Friday its at 33.
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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.