Published on 18/12/2018 11:18:24 AM | Source: Religare Securities Ltd
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HDFC Bank Limited (HDFCBANK)
Buy HDFC Bank Ltd @ 2100-2120 Stoploss 2070 Target 2230 CMP 2130.2
Among the private banking space, HDFC Bank holds prominence due to its consistent performance. It’s currently trading strongly above the support zone of major moving averages on multiple time frames, clearly indicating its strength. Also, it has formed a fresh buying pivot and likely to make a new record high in near future. We advise traders not to miss this chance and initiate fresh long positions in the mentioned zone
Recommendation
Buy HDFC Bank Ltd @ 2100-2120 Stoploss 2070 Target 2230 CMP 2130.2
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