Buy DHFC, target Rs 460: Vaishali Parekh, Prabhudas Lilladher

Vaishali Parekh from Prabhudas Lilladher has a buy call on Dewan Housing Finance Corporation Ltd. with a target price of Rs 460 .The current market price of Dewan Housing Finance Corporation Ltd. is Rs 430.5 Time period given by analyst is week when Dewan Housing Finance Corporation Ltd. price can reach defined target. Vaishali Parekh recommended to keep stoploss at Rs 415.
The stock has been consolidating around the 415 levels for quite some time and has given a bullish candle pattern with decent volume participation. The RSI indicator has reversed its trend and has indicated a buy signal along with the MACD.