Here's why Osho Krishan expects HDFC to reclaim
lifetime high soon
BUY HDFC LTD | TARGET: 2970 | STOP LOSS: 2700
HDFCLTD is in a secular uptrend and is heading strongly towards the lifetime high zone.
On technical parameters, the stock is placed above all its major exponential moving
averages indicating inherent strength and is even placed above the mean of the
Bollinger band on the daily time frame. The stock has formed a strong bullish candlestick
in the last trading session and is expected to surge higher to reclaim its lifetime high
zone in the coming future.
BUY SBI CARDS & PAYMENT SERVICES LTD | TARGET: 1130 | STOP LOSS: 1040
SBICARD has seen a reversal candlestick pattern in the last two trading sessions and is
placed near the mean of the Bollinger band (20, 2) on the daily chart. On the daily time
frame, the stock is well placed above all its major exponential moving averages
suggesting inherent strength in the counter. Hence from the risk-reward point of view,
the stock is situated at a lucrative zone and is expected to reclaim its lifetime high in a
short span of time.
BUY JUBILANT INGREVIA LTD | TARGET: 835 | STOP LOSS: 740
JUBLINGREA is in a cycle of higher highs higher lows and is placed at its lifetime high.
On the oscillator front, 14-period RSI is headed northwards suggesting further upside
room for the counter followed by the MACD that has seen positive crossover affirming
the bullish stance. Hence looking at the strong technical set up the stock is expected to
continue its rally and test the uncharted territory in near future.