Although Q3FY16 result is inline with street estimates,
But, NPA remains a concern and RBI's pressure to come clean
And tepid NIM & other fee income may drag the stock
CMP: 1041
Sell either below 1035 or on rise around: 1060-1070
TGT: 1005*-976-955 (1-3M)
TSL>1085
Note: Consecutive closing above 1085 for any reason, HDFC Bk may further rally up to 1128*-1180 & 1205-1250 in the mid to long term.
Analytical Charts:
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