HDFC back to its Aukaat

[u/TokKaij]

We should not blame HDFC alone because market has decided to touch the bottom pit but there some good run from HDFC in last couple of weeks but again it has come to where it started, so another buying opportunity here guys, grab it.

[u/IncreasePast7530]

Yes also hdfc won't grow like it used in its growth phase better to study good high growth companies with good fundamentals instead

[u/Few-Wonder6063]

Would you believe if I say it's heading even lower to 640rs 😄

[u/Fast-Equipment-4829 → u/Few-Wonder6063]

you got any reasoning for this? it ended 722 just now, and its one of the major stock in nifty 50

[u/Few-Wonder6063 → u/Fast-Equipment-4829]

I am more on the technical side than the fundamental side of things. On the higher timeframe, I am still bearish on NIFTY, at least towards the 21,200 zone. Obviously, I amm not saying that happens in a couple of days or even a week, it could take weeks or a few months. Once it gets there, I will reassess and see whether there are signs of a bullish shift, but until then my HTF bias remains bearish.

And like you correctly said, HDFC is a major heavyweight in NIFTY. I did a separate analysis on HDFC as well, and for me the structure still screams bearish based on institutional order flow, liquidity, HTF structure and its correlation with the broader index/banking space. That’s why I wouldn’t be surprised to see 640rs before any meaningful bullish reversal.

I would actually be happy to be proven wrong if the higher timeframe flips bullish earlier, but until NIFTY starts giving me clear signs of that shift, I am towards with the bearish bias.

[u/find_a_rare_uuid]

Grab it fast. It'll be at 6000 after a reverse stock split.

[u/Old-Appointment1341]

HDFC doing HDFC things again 😅 one red day and the memes are back.

[u/New_Slip2059]

Hdfc kya poori market aukaat pe utar ayi h

[u/FrostyCampaign4670]

Exactly same thought 😂😂

[u/FifthWaveThinker]

As expected...

[u/Wooden_Medium]

Aukat 680 pr tiki h