Triple bottom --- likley to show reversal in tomorrows trade -- if breakdown then short
SL- 543
Trades at 2.5x P/B --- operates primarily in Tamil Nadu where new launches are not happening due to sand issue
Costliest HFC HDFC trades at 5x and cheapest LIC trades at 2x --- real estate sector looks subdued due to rera
1) Moving in a channel
2) Likely to bounce back; results were good
3) Fell due HDFC Bank MD resignation news and FII selling due to currency issue
4) For NIFTY to move up further HDFC Ltd has to contribute
stock trading near weekly support and after a descent fall given some scope of rise in the last some hours of trading today !
with a stop loss @ 1090 095 range and keeping targets of 1147 , & 1170 , better stay long in the stock with a fair chance of
REVERSAL !
Trends have been quite negative and despite the bullishness seen on the markets this stock has only headed lower. The prices have now breached the important supports and could tread lower. The prices are already trading below the ascending trendline. With the prices now breaching important supports on higher timeframes and the momentum too not supporting the ...
PNBHFL is at a trend line resistance& is quite expensive on FY18 basis when compared with peers like Canfin,Ibulhousing. If charts pattern repeat it could consolidate here for a while or could correct to the levels of 1500&1460. RSI is also showing overbought Sign.
SO THINK BEFORE ENTERING IT NOW.
