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Hdfc-bank

Discussion in 'Introductions' started by siva934127, Apr 8, 2013.

  1. siva934127

    siva934127 Member

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    Hi Shabbir and All,

    Bank Nifty has formed lower top lower bottom and it has a good support at 5525. Corporate results are coming soon.

    HDFC Bank has also formed lower top lower bottom and now it is going to form 'W' pattern, but the 2nd leg has not yet crossed the 1st leg decisively.

    Please find the attachment regarding this.

    Private banks has been facing the problems regards to money laundering issues.

    Can we buy this stock or have to wait till it cross to 635?

    Do you think is this a risky?

    Please let us know your views.

    Thanks,
    Siva.
     

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    siva934127, Apr 8, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Siva, I think as of now the W that you have marked is too risky and trend is down for almost 3 months now.

    [​IMG]

    I would like to see much clearer W in this stock before getting into it
     

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    shabbir, Apr 9, 2013
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  3. siva934127

    siva934127 Member

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    Hi Shabbir,

    HDFC-BANK trading at 641 now, Can take call position now?

    Please let me know.

    Thanks,
    Siva.
     
    siva934127, Apr 15, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    What will be your SL?
     
    shabbir, Apr 15, 2013
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  5. siva934127

    siva934127 Member

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    Hi Shabbir,

    SL can be 615.

    Thanks,
    Siva.
     
    siva934127, Apr 16, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    I don't think this position is very rewarding but should not be too risky as well.
     
    shabbir, Apr 16, 2013
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