Stock of the day : Buy HDFC Bank Ltd For Target Rs.45 - Religare Broking Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
HDFC Bank Ltd
* HDFC Bank has been declining consistently, after the failed attempt to surpass the resistance zone of 1750 mark.
* It has recently breached the support zone of its long term moving average i.e 200 DEMA at 1600 levels and inching lower.
* The stock has been trading below all its key moving averages suggests weakness in price trend.
* We thus recommend creating short positions through the Put option.
Buy HDFC Bank Ltd CMP 25.50; Range 24-26; SL 15; Target 45
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Tag News
Credit offtake grows as HDFC merger boosts retail; NBFCs reduce MoM By Care Edge Rating
