2026-01-05 11:04:12 am | Source: Religare Broking Ltd
Stock of the day : HDFC Bank Ltd by Target Rs. 1060 - Religare Broking Ltd
HDFC Bank Ltd
Buy HDFC Bank Ltd CMP 1001.60 Range 998-1002 SL 970 Target 1060
* HDFC Bank exhibits a constructive technical structure, sustaining above its short- and medium-term moving averages, signaling persistent buying interest.
* The broader trend remains positive, while the recent consolidation phase appears healthy and indicative of base formation, supported by stable volumes.
* Overall, the structure suggests accumulation on dips, with the stock poised to resume its upward trajectory in the near term.
* Initiating long positions at current levels may be considered.
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