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Ashish Ghosh is a NCFM certified research analyst for the global and Indian financial markets. With more than 15 years of experience in the capital market, Ashish has been published in high-profile online media regularly. He holds a B.Sc. in Math along with NCFM certification for Technical and Fundamental analysis. Presently, he is working with iForex as a financial analyst/content writer since 2017, analyzing mainly the global and Indian markets. You can reach him through Gmail/telegram ID: asisjpg

Wednesday, 27 January 2016

HDFC Bank: Need To Sustain Over 1070-1080 Zone For Further Rally

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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