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ipuneet

HDFC - Buy with a stop of 1104 closing basis.

Long
HDFC BANK (NSE:HDFCBANK)  
ipuneet  
NSE:HDFCBANK   HDFC BANK
Trend Analysis Chart Patterns HDFCBANK HDFC BANKNIFTY niftybank NIFTY nifty50
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trendanalysis chartpattern hdfcbank hdfc banknifty niftybank nifty nifty50
HDFC has not participated in Bank Nifty rally of Friday, may catch up and support it next week.

Buy with a stop loss of 1104, for targets 1125, 1131, 1144, 1157.

A bull spread using 1100 and 1160 (or 1140 depending on your risk profile) strikes can be ideal from risk reward point of view.
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