Targets of around 385-390 on HSBC InvestDirect: Devang Visaria
HSBC could still have some steam left and possibly an 8-10% upside in the immediate short term. You could look for targets of around 385-390 on this on.
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| Devang Visaria, Chief Strategist, Devangvisaria.com
With HSBC InvestDirect, a big move today but is the momentum going to carry forward and also some of these financial stocks, brokerage financial stocks, may be a Cholamandalam. Is there bound to be an upside activity here as well considering the past three days have been very good for this counter?
HSBC could still have some steam left and possibly an 8-10% upside in the immediate short term. You could look for targets of around 385-390 on this on. If you are holding the stock, I would suggest a trading stop loss of 350 and you could look for a possible extended target of 390-400 on this one.
With HSBC InvestDirect, a big move today but is the momentum going to carry forward and also some of these financial stocks, brokerage financial stocks, may be a Cholamandalam. Is there bound to be an upside activity here as well considering the past three days have been very good for this counter?
HSBC could still have some steam left and possibly an 8-10% upside in the immediate short term. You could look for targets of around 385-390 on this on. If you are holding the stock, I would suggest a trading stop loss of 350 and you could look for a possible extended target of 390-400 on this one.
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