HDFC share price target 2014

HDFC share price target 2014

HDFC stock short term technical view

HDFC stock on last trading session closed at 871 with loss. On daily chart, HDFC stock price trend and momentum both are bullish. On upside 890 and 930a re strong resistances for short terms while on downside 845 and 800 rupees are strong support zones. Daily chart indicators pattern a bearish suggesting correction for stock price. 845 is major average support and above it, stock short term out look will remain bullish. As indicators patterns are bearish, expect stock to test this average in upcoming sessions.

HDFC stock medium term technical view

HDFC stock this week is showing gains but lost most of the gains. This week HDFC stock hit high at 941 while low was at 861. Total 80-rupee weekly range and stocks is still trading with weekly gains. Weekly chart price trend and momentum both are bullish. 814 rupee is major medium term average support and above it keeps bullish or buys and accumulate view for stock. On upside 975 and 1140 are strong resistances as well as targets for stock. On downside, 814 and 650 are strong support zones on chart. Weekly chart indicators patterns are mixed so expect some correction and consolidation ahead for stock price and then rally may resume.

Medium term traders and investors above 814 keep buy on decline view with strict weekly closing basis stop loss below 790 rupees for target 975 and above. Upside target, levels are expected in next 6 to 12 months period.

HDFC stock long term technical view

HDFC stock in last 6-month had given only 9% returns while market rallied by 16-17% in same period. Therefore, stock is underperforming as compared to market, which is bearish sign. From long-term view, stock will remain buy above 770-800 rupee zone and 1140 is target zone for next 12 months period and 1480 is target zone for next 3 to 5 years period. 400-450 was best buy zone, which was last seen in 2008 crash, and 170-200 rupee was undervalued zone, which was last seen in 2004-2005.

HDFC company description

Housing Development Finance Corporation Limited is financing by way of loans for the purchase or construction of residential houses, commercial real estate and certain other purposes in India. The Company has a network of approximately 330 offices (which includes 83 offices of its wholly owned distribution company HDFC Sales Private Limited) catering to over 2,400 towns & cities spread across the country. It also has offices in Dubai, London and Singapore and service associates in the Middle East region, to provide housing loans and property advisory services to Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs). Its product range includes loans for purchase and construction of a residential unit, purchase of plot, home improvement loans, home extension loans, non-residential premises loans for professionals and loan against property, while its flexible repayment options include Step Up Repayment Facility (SURF) and Flexible Loan Installment Plan (FLIP).

HDFC stock fundamental ratios

Range900.25 – 931.50
52 week632.20 – 956.45
Open900.25
Vol.6.68M
Mkt cap1.42T
P/E18.63
Div/yield14.00/1.54
EPS48.86
Shares1.56B
Beta
Inst. own

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Updated: 19/05/2014 — 9:35 PM

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.

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