Sell HDFC Bank, target Rs 1980: Rupak De

Traders can sell the stock in the range of Rs 2080-2090 for the target of Rs 1980 and a stop loss above Rs 2141, says Rupak De of Bonanza Portfolio.

Moneycontrol Contributor

November 29, 2018 / 10:34 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Rupak De

HDFC Bank has recently moved up from its recent low of Rs 1885 to Rs 2089 which 61.8 percent of the previous fall from Rs 2220 to Rs 1885.

On the other hand, a bearish Anti Cypher pattern has formed on the daily chart of HDFC Bank which may initiate a very short-term pullback in the stock.

Traders can sell the stock in the range of Rs 2080-2090 for the target of Rs 1980 and a stop loss above Rs 2141.

Disclaimer: The author is a Technical Research Analyst at Bonanza Portfolio Ltd. The views and investment tips expressed by investment expert on Moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Moneycontrol Contributor

first published: Nov 29, 2018 10:34 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347