HDFC may test Rs 1460: Sacchitanand Uttekar

Sacchitanand Uttekar of Motilal Oswal Financial Services told CNBC-TV18, "We have already seen that HDFC has been in a secular uptrend. The recent double bottom which formed on the daily scale has held on well and the level of Rs 1,160 has acted as a very strong support. We have seen a continuation pattern breakout recently and we expect this particular move to extend right up to Rs 1,460 and we expect the stock to register fresh life highs."

"Even at this juncture, the stock can be participated with a stop loss of somewhere around Rs 1,290 and we expect the target to be Rs 1,460," he said.