HDFC BANK LTDLong
HDFC Long Scenario
I believe HDFC will move past Rs.2000/-
Despite Posting good results HDFCs price is trading in btw 12% Zone (1540-ATH) Since March 2021
My Thoughts:
HDFC was trading at High valuations due to its leadership in sector before 2020. Now HDFC leadership is gone, just like Asian paints superiority .So, Valuations are adjusting and price not moving with good results.
With Reduction of PB Value to 3.
Best Entry Zone is 1520-1540.
TGTs are 1920,2000,2100
Despite Posting good results HDFCs price is trading in btw 12% Zone (1540-ATH) Since March 2021
My Thoughts:
HDFC was trading at High valuations due to its leadership in sector before 2020. Now HDFC leadership is gone, just like Asian paints superiority .So, Valuations are adjusting and price not moving with good results.
With Reduction of PB Value to 3.
Best Entry Zone is 1520-1540.
TGTs are 1920,2000,2100
Trade-on !! 🔛📈📉
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Trade-on !! 🔛📈📉
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.