Sell HDFC Bank, says Sudarshan Sukhani

One can sell HDFC Bank. The stock is mimicking the Bank Nifty on a slightly lower note. It is on the verge of a breakdown, says Sudarshan Sukhani of s2analytics.com.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Masteryourmoney Earnings
moneycontrol.com

Home » News » Stocks Views

May 06, 2013, 11.15 AM | Source: CNBC-TV18

Sell HDFC Bank, says Sudarshan Sukhani

One can sell HDFC Bank. The stock is mimicking the Bank Nifty on a slightly lower note. It is on the verge of a breakdown, says Sudarshan Sukhani of s2analytics.com.

Like this story, share it with millions of investors on M3

Sell HDFC Bank, says Sudarshan Sukhani

One can sell HDFC Bank. The stock is mimicking the Bank Nifty on a slightly lower note. It is on the verge of a breakdown, says Sudarshan Sukhani of s2analytics.com.

Post Your Comments

Share Cancel

Sudarshan Sukhani (more)

Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical

One can sell HDFC Bank . The stock is mimicking the Bank Nifty on a slightly lower note. It is on the verge of a breakdown, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "HDFC Bank is mimicking the Bank Nifty on a slightly lower note. It is on the verge of a breakdown. Today, the market might open slightly higher as the SGX Nifty suggests but that will not change the scenario. It just means that you move your stops a little higher. If the open is higher then you sell higher also and move the stocks higher. That is a trading method. However, this stock is likely to breakdown from these lofty highs. If not anything it will give us a correction and for a short-term trader that is enough.

At 09:51 hrs HDFC Bank was quoting at Rs 671.40, down Rs 9.65, or 1.42 percent. It has touched an intraday high of Rs 678.50 and an intraday low of Rs 670.35.

The share touched its 52-week high Rs 705 and 52-week low Rs 492.90 on 30 November, 2012 and 23 May, 2012, respectively. Currently, it is trading 4.77 percent below its 52-week high and 36.21 percent above its 52-week low. Market capitalisation stands at Rs 159,803.09 crore.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Sell HDFC Bank, says Sudarshan Sukhani

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login