| CMP# | 1969.3 |
| Idea | BUY |
| Buy Range | 1962 – 1988 |
| Target | 2100 – 2200 |
| StopLoss* | 1905 |
| Duration | 15 – 20 Trading Sessions |
| Potential Return^ | 7 – 12% |
| CMP# | Idea | Buy Range | Target | StopLoss* | Duration | Potential Return^ |
| 1969.3 | BUY | 1962 – 1988 | 2100 – 2200 | 1905 | 15 – 20 Trading Sessions | 7 – 12% |
# CMP on Oct 07, 2019
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 2035.
^ The returns are calculated based on CMP#
COMPANY OVERVIEW
HDFC offers loans for the construction or purchase of the house, home improvement, plot buys and top-up loans to retail and corporate clients, loans for agriculture and dairy farmers, loans for NRI and commercial plots, education loan etc. The company also provides cross-selling products, investment advisory services, life insurance products, general insurance including motor, travel, home, health, accidental, mutual fund, venture funds, portfolio management, project consultancy etc.
| Stock Data | |
| NSE Code | HDFC |
| Sectoral Index | Financial Sevices |
| 52W High | 2357.85 |
| 52W Low | 1644.5 |
| Face Value | 2 |
TECHNICAL OBSERVATIONS (WEEKLY)
- The share price of HDFC witnessed a strong rally since 2016, rallying from ₹ 1010 to lifetime high of ₹ 2757.
- As we see in the Weekly chart, there is a steady support baseline which is moving upwards along with price rise. Current price is just above the support line.
- We expect the stock to remain in a rising trajectory and extend the up move towards 2100-2200in coming months.
TECHNICAL OBSERVATIONS (DAILY)
- On a daily chart, the stock has given a breakout of it’s falling trendline in which it had been trading for last eight trading sessions, suggest robust upside movement.
- The current closing is just above the long term support line. We may expect price to move up from here in the coming days.
CONCLUSION - HDFC SHARE PRICE FORECAST
Based on our short term trading share tips, HDFC share price target will be 2100 – 2200 in the next few days.