HDFC Ltd has give a up flag brekout on its monthly charts. After consolidating for 9 months and correcting 20% from its all time high, stock has given a clear breakout. This company is fundamentally very good and has a weightage of around 8% in nifty. If you want to invest in long term in a good stock, this is one of the best picks.
Target - 3800 Monthly and weekly SL - 2550 M View - Medium to long term.
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