HDFC Bank, LIC Housing Finance and Reliance Industries Trading Strategies Revealed – Check Details Here


CapitalVia Advisors on Friday recommended a technical analysis on HDFC Bank, LIC Housing Finance and Reliance Industries. The price targets and stop-loss for these stocks have also been highlighted below. Traders could use the trading strategies on these stocks as they have witnessed large volumes in the last few sessions and may also stay in action on Friday.

HDFC Bank Trading Strategy:

HDFC Bank canceled support from 200EMA. Advisors to CapitalVia have observed momentum indicators such as MACD and RSI, indicating that the stock’s momentum is likely to continue. CapitalVia Advisors recommends a buy on HDFC Bank above Rs 1480 with a target of Rs 1620. Investors are advised to maintain a Stop Loss of Rs 1470.

LIC Housing Finance Exchange Strategy:

LIC Housing Finance has withdrawn from support from 200EMA. We have seen momentum indicators such as MACD and RSI, indicating that the stock’s momentum is likely to continue. CapitalVia advisers recommend a purchase on LIC Housing Finance above with the target of Rs 570. Investors are advised to maintain a Stop Loss of Rs 460.

Reliance Industries business strategy:

CapitalVia Advisors said Reliance Industries had recently reversed at a critical level, and they observed the change in the momentum of the stock since the reversal. He broke the 200 DMA mark, indicating positive momentum to continue in the title. CapitalVia Advisors recommends buying with a target of Rs 2340, a Stop Loss of Rs 2140 for a short term perspective.

India’s stock indexes on Thursday got off to a bullish start amid positive global indices and ahead of the RBI’s expected monetary policy decision today. The markets are trading very well with gains of over half a percent each in early trades due to the purchase of stocks of consumer durables, real estate and energy. The decline in daily coronavirus cases has also helped sentiment in the markets. During the afternoon session, Indian stock indexes continued to trade in positive territory due to buying real estate stocks, consumer durables and oil and gas.


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