HDFC Indian banking giant has fallen considerably, after its Q 3 results 2024.
Many Mutual funds & retailers taking this opportunity have make fresh positions in HDFC.
Currently baking is facing NIM issues but sooner or late it will boom.
Looking at this position
Also currently the share price is hitting 50 EMA from downside, if breakout happens then sure it will run for 5 to 8 % rally i.e. 1540 levels
otherwise a good fall in share price will be expected to 1330 levels - again having a opportunity to buy more scrips.
Many Mutual funds & retailers taking this opportunity have make fresh positions in HDFC.
Currently baking is facing NIM issues but sooner or late it will boom.
Looking at this position
Also currently the share price is hitting 50 EMA from downside, if breakout happens then sure it will run for 5 to 8 % rally i.e. 1540 levels
otherwise a good fall in share price will be expected to 1330 levels - again having a opportunity to buy more scrips.