HDFC BANK LTD SPON ADS EACH REP 3 ORD SHS

NYSE

HDB

NYSE:HDB

SHORT!

HDB bounces off support...

Look like the crash of october isnt here :) Trade at your own risk!

After a nice 68% gain so far this year, HDB has been digesting these gains for the last month and is poised for it's next leg higher. We want to be long above $100 with an initial target of $108.

Modi's demonetization effort has bit the Indian economy quite hard. Perhaps there is a case to be made from a long term perspective that the banking sector is a buy after the recent sell off. Given the technicals and on going chaos, I'm going to wait and see if a better buying opportunity emerges. Possible targets are the parole black lines.

Hopefully we see $35 on this one. This company will likely be an absolute monster in the future.

This could be a good long option. Price is under the KC channel, extremely oversold, ready for a nice pop to $67 or $68. I will enter at $64.

..trying to get rid of recent sell-off in the Western Markets! Price stopped nicely on the YTD support trend-line and 100day Ma (both on good volume) RSI also oversold (not that important to me.. but just to mention) a 1st conservative Target and then (if price could break "recent" triple-top test) go for a mid-term 2nd Tg.

short hdfcabank long term target is 15 or 10.