HDFCBANK Buy Target :525
* HdfcBank has recorded highest volume in last one month and has given a positive break out.
* HDFCBank Results are due tomorrow. Historically HDFCBank has been giving good set of numbers driven by healthy loan growth and excellent asset qualtiy.
* Recently HDFCBANK has been Featured on the list of 10 Companies Globally that have grown their net income by 5% annually.
* From Derivative perspective open interest stands at 14 mln.
* On daily chart RSI indicator is also showing strong signals that makes upside momentum reliable as stock trades above its all Simple Moving Averages.
* According to our Systems HDFCBANK has Triggred a buy above 475.We suggest Going LONG On HDFCBANK with target of 525 that is 10% upside.
(please see the chart attached)
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