HomeNewsBusinessStocksGo long in HDFC Bank, advises Amit Harchekar

Go long in HDFC Bank, advises Amit Harchekar

Amit Harchekar of A Plus Analytics recommends going long in HDFC Bank and expects the stock to head towards Rs 1150.

October 27, 2015 / 15:09 IST
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Amit Harchekar of A Plus Analytics told CNBC-TV18, "Technically, HDFC Bank has been consolidating into a bullish triangle and despite volatility in this market, we haven’t seen the stock breaching the immediate support of Rs 1,075. It is because of only HDFC Bank, we are seeing Bank Nifty holding above crucial resistance of 17,700. and we are expecting the stock again provide good relief for the market.""We are expecting the stock to complete its bullish triangle and head towards Rs 1,150 in the near-term. So we would recommend going long at these levels, maintain stop loss of Rs 1,075 from two-three days perspective," he said.

first published: Oct 27, 2015 03:09 pm

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