HDFC bank - Broken long term trendline
India's bluest of bluechip has broken what has been a trendline support.
If i were to be buying a bank i wouldn't be looking for the next HDFC when HDFC bank itself is available at lower valuations than its always been trading at.
With a slight bias that markets will still fall some more i would be really tempted to start buying between 690-660 levels for a long term horizon. No lumps buying but slow and steady SIP in 4 trenches.
If i were to be buying a bank i wouldn't be looking for the next HDFC when HDFC bank itself is available at lower valuations than its always been trading at.
With a slight bias that markets will still fall some more i would be really tempted to start buying between 690-660 levels for a long term horizon. No lumps buying but slow and steady SIP in 4 trenches.
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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.