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finoshn

HDFCBANK at an important support level of 1239.

Long
HDFC BANK (NSE:HDFCBANK)  
finoshn Updated   
NSE:HDFCBANK   HDFC BANK
Trend Analysis
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trendanalysis
HDFCBANK has defended the level of 1239 quite well in the recent past. Considering the strength of the stock and limited downward move of NIFTY, this level is poised to be quite defensive again. Buy at 1240 and aim for a level of 1250 and 1255.
HDFCBANK
Comment:
Achieved the first level of target at 1250 today (24-1). If willing to risk it, aim for 1255. The gap down previously witnessed could get filled.
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