Currently at 20% discount from all time high levels. Stock is trading near 52 Week Low.
HDFC Bank (TF=W)
1. At good demand zone (But seeing global cues, wait for reversal)
HDFC Bank (D):
1. Below 200 Days EMA
2. There is Bearish Penant Breakdown
3. Negative crossover of 5,13 DEMA
4. Though stock is at major demand zone currently. But seeing global cues and volatility, current level support can be breached and next support will form at 1310 levels.
5. For long term investment, one trance can be added at current levels if there is some reversal seen or else wait for further good levels to add in portfolio.
Addl Points:
1. Promoters have decreased holdings from 25.83% to 25.80% in Dec 2021 qtr
2. FII/FPI have decreased holdings from 38.23% to 37.47% in Dec 2021 qtr
3. Mutual Funds have increased holdings from 14.54% to 14.98% in Dec 2021 qtr.
Note: The above analysis is just for educational purpose.
HDFC Bank (TF=W)
1. At good demand zone (But seeing global cues, wait for reversal)
HDFC Bank (D):
1. Below 200 Days EMA
2. There is Bearish Penant Breakdown
3. Negative crossover of 5,13 DEMA
4. Though stock is at major demand zone currently. But seeing global cues and volatility, current level support can be breached and next support will form at 1310 levels.
5. For long term investment, one trance can be added at current levels if there is some reversal seen or else wait for further good levels to add in portfolio.
Addl Points:
1. Promoters have decreased holdings from 25.83% to 25.80% in Dec 2021 qtr
2. FII/FPI have decreased holdings from 38.23% to 37.47% in Dec 2021 qtr
3. Mutual Funds have increased holdings from 14.54% to 14.98% in Dec 2021 qtr.
Note: The above analysis is just for educational purpose.