Partial entry (Paper Trading) possible in HDFC Bank. HDFC BANK: (Portfolio Stock) : SIP Buying can be started in HDFC Bank. It may go further lower so only partial entry or entry with / for tracking quantity to be initiated now.
We had mentioned earlier that 1369-80 or 1271 can act as a bottom/major support for HDFC Bank. The stock touched 1380 and has reversed. So X/3 or X/4 entry can be taken. If it falls further to 1271 (Which is also possible) You can add again on bounce around those levels. Next X/3 entry should be after closing above 1588. Stop loss Monthly closing below 1270. Targets long term: 1625, 1684, 1721 and 1761+.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
