Buy HDFC Standard Life Insurance Company, target Rs 415: Jay Thakkar
Buy HDFC Standard Life Insurance Company Ltd. at a price target of Rs 415 and a stop loss at Rs 380.
By ETMarkets.com |
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Jay Thakkar of Anand Rathi has a buy call on HDFC Standard Life Insurance Company with a target price of Rs 415.
The current market price of HDFC Standard Life Insurance Company is Rs 391.90.
Time period given by the analyst is two weeks when HDFC Standard Life Insurance Company price can reach the defined target.
Jay Thakkar recommended keeping a stop loss at Rs 380.
"The stock has provided a breakout from the symmetrical triangular pattern formed in its wave B and the retest of the same has got complete. The stock has started to form higher tops and higher bottoms post the retest with a clear buy crossover in its daily as well as hourly momentum indicator. Hence, one can buy this stock for the target of Rs 415 with a stop loss of Rs 380," said Thakkar.
The current market price of HDFC Standard Life Insurance Company is Rs 391.90.
Time period given by the analyst is two weeks when HDFC Standard Life Insurance Company price can reach the defined target.
Jay Thakkar recommended keeping a stop loss at Rs 380.
"The stock has provided a breakout from the symmetrical triangular pattern formed in its wave B and the retest of the same has got complete. The stock has started to form higher tops and higher bottoms post the retest with a clear buy crossover in its daily as well as hourly momentum indicator. Hence, one can buy this stock for the target of Rs 415 with a stop loss of Rs 380," said Thakkar.
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