Action Plan - Entry can be made now keeping the gap zone of 465 as stop loss with target as per resistance zones above and risk bearing capacity of the individual. As Nifty IT and Nifty are at respective all time high zones, strong position sizing is recommended. It is also a good time to accumulate for long term investing at current levels. Note - For...
Is it the right time to buy HDFC BANK ? Obviously yes, as it has corrected more than 20%. As the stock is approaching its first support, its good to accumulate at 1300 levels. And in case the 1st support is broken, more of the stock can be accumulated at 1150 levels. The analysis is for a long term perspective, thus the stoploss is not discussed. For educational...