hdfc share price target may 2013
hdfc share today closed at 894 with gains almost 5%.on daily chart hdfc share is in absolute uptrend and momentum is strong on demand side.on chart 852 was weekly average and below that 823 was month average while 815 was 3 month average and last support of this bull market.
on indicators side, hdfc share daily cci is +36 with bullish divergence while daily rsi is at 58 and with bull signal.
for month of may, hdfc share has major support at 825 and above this remain buy.and on upside 905 was first target which is near and we may see get achieved might be tomorrow.while if cross that then expect 965 as second target for this series.
on performance side,year to date hdfc share given 8% return while market also given 3-4% return so hdfc share is real market performer.for year 2013,my target for this stock is 940 and if cross that on monthly closing basis then might show 1050 till end of this year.on downside 770 was entry zone.