2024-10-24 12:54:15 pm | Source: Nirmal Bang Ltd
Diwali Technical Pick 2024 : Buy HDFC Bank Ltd For Target Rs. 1550 - Nirmal Bang Ltd
HDFC Bank Ltd
* The Stock has given breakout of a Cup and Handle pattern on monthly chart.
* The volumes have increased recently adding to the breakout pattern. • Positive MACD Crossover is seen on the weekly charts.
* Stock is well placed above all the important moving averages.
* Therefore, investors can buy the stock at 1735 and on dips to Rs 1650 for a target of Rs 2280 with a strict stop loss placed below Rs 1550
Buy HDFC Bank Ltd CMP 1735 Add On 1650 SL 2280 Target 1550
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The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
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