Stock of the day : HDFC Bank Ltd For Target Rs. 2055 - Religare Broking Ltd

HDFC Bank Ltd
Buy HDFC Bank Ltd CMP 1978.70 Range 1975-1980 SL 1940 Target 2055
* HDFCBANK continues to exhibit strong bullish momentum and witnessed a fresh upside breakout on Friday, hinting more upside participation to remain continue.
* The stock has broken more than a month long consolidation with increased volumes.
* Technical indicators point to a positive trend, with momentum steadily building towards a sustained strength.
* Investors may consider initiating long positions, anticipating further upside in the near term
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