About Me

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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

Thursday, 28 January 2016

HDFC: Need To Sustain Over 1200 For 1250-1275 In The Near Term

  Sustain below 1144, expect 1090-1055 in the days ahead

Q3FY16  result is below street estimates with higher provisions for bad loans

But less pressure from RBI on NPA disclosure issue 
may provide some support to HDFC 


CMP: 1170

Sell on rise around: 1180-1200

TGT1: 1144*-1120-1090*-1055 (1-3M)

TGT2: 1025-1000-965-945*-915-880 (6-12M)

TSL>1220

Note: Consecutive closing above 1220 for any reason, HDFC may rally up to 1250-1275 & 1300-1350-1400 in the mid to long term

Analytical Charts:









 




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