Is HDFC Bank Ready for Bull Run? What Financial Experts says Buy or Short Sell

HDFC Bank is second largest private sector bank in India, with the strong growth this bank has grown to huge banker in the last 15 years. This is also one of the most bullish stock in dalal street, just looking at chart one can conclude how much bullish it is, from Rs.50 in 1996 to Rs.2540 in 2010, along with lots of bonus shares and stock split, this is very valuable company to invest in. Having a look at daily chart suggest us to keep looking for buying opportunity into this stock as long as price action stays above the 2190 level. So one can enter long on this stock near the 2260 level for short term targets of 2480 and 2600 level. It is also advised that traders/investors must place their stop loss below the 2190 level. All the major technical indicators and moving averages are suggesting bullishness and confirms out trading outlook in the HDFCBANK stock.
This is also very good bet for the long term investors as there is lot of up side possibilities from the current levels. HDFCBANK long term targets are 2700 and 3200 level. Remember these targets are only for the long term i.e 1 to 2 years. Stock split happen in HDFC bank stock, kindly adjust the target level before entering the trade. Please share your comment if you wish to learn how to adjust the stock splits in charting software like amibroker or metastock.