HDFC – Is fundamental weak for Bearish Market to Rule
HDFC one of the Major Player of NIFTY & Sensex in keeping the Bulls to be in Control but is still the fundamental are backing?
HDFC is one of the Top 5 Major Housing Finance Company and Only HDFC is in Buy Trend till now and other 4 top Housing Company details as follows:
• India Bulls – Sell Trend August 2018
• LIC HFL - Sell Trend from July 2019
• DHFL - Sell Trend September 2018
• L&T Finance - Sell Trend September 2018
With Real Estate not backed up by Indian Government with adequate Funds, the fundamentals may become week and the reversal for HDFC may start provided the Support Trend Line is not broken.
If Support is broken, then expect HDFC to be in Sell Trend and First target for sell trend will be 1792. IMPORTANT NOTE: The Sell trend will start only if Support is broken, Incase support is not broken, then you may expect the market to reach a new high as target given in the Chart.
HDFC is one of the Top 5 Major Housing Finance Company and Only HDFC is in Buy Trend till now and other 4 top Housing Company details as follows:
• India Bulls – Sell Trend August 2018
• LIC HFL - Sell Trend from July 2019
• DHFL - Sell Trend September 2018
• L&T Finance - Sell Trend September 2018
With Real Estate not backed up by Indian Government with adequate Funds, the fundamentals may become week and the reversal for HDFC may start provided the Support Trend Line is not broken.
If Support is broken, then expect HDFC to be in Sell Trend and First target for sell trend will be 1792. IMPORTANT NOTE: The Sell trend will start only if Support is broken, Incase support is not broken, then you may expect the market to reach a new high as target given in the Chart.
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