Stocks is consolidating for last 4 weeks near breakout zone. It has also give one shakeout. Further long term down trending line is near verge of breaking. It may be bought at 515 with SL of 484
In 15minutes chart, we can clearly see the breakout in HDFC. The breakout will clearly touch our targets, the short term target is 1800 and the positional target will be 1925.
HIGH RISK CALL - BUY LICHSGFIN BETWEEN 400 - 403 TARGET 430, 440 & 460 STRICT CLOSING SL BELOW 384.
NOTE - A CLOSE BELOW 384 WILL BE VERY NEGATIVE FOR THE STOCK.
Bullish Flag pattern spotted in HDFC. Yesterday's candle confirmed the breakout and price could move towards 2525 based on the pattern. Today's fall seems like a retest of the pattern.
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...
