Stock of the day : Buy HDFC Ltd For Target Rs. 2718.75 - Religare Broking
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HDFC Ltd
* We’re seeing selective participation among the financial counters in the recent rebound and HDFC is also contributing to the move.
* It has been trading in a broadening formation and currently trading around the middle of the same.
* The recent base formation around the support term moving average i.e. 20 EMA is offering a fresh buying opportunity.
* We thus recommend creating fresh longs in the mentioned range.
Technical Chart : Daily
Buy HDFC Ltd CMP: 2718.75 Range: 2705-2715 SL: 2688 Target: 2760
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