Quick 7% gain in HDFCBANK

Zaktualizowano
CWH pattern:
small handle formation in progress.
15Mar, high delivery volume with green candle.
volume approximately same as on result date 16Feb with red candle.

Buy in range 1400 to 1450
Sell 1560
no stoploss
Zlecenie aktywne
target missed by just 3 rs,
continue holding, it may hit target before next quarterly result on 20 Apr 2024,
if it goes down after result, add below 1400,
Zlecenie aktywne
Mar24 result:
Positives
highest ever quarterly & yearly revenue and net profit, EPS.
highest ROE in top 10 private sector banks.
though financing profit is negative, the "other income" is contributing to profits reported by the bank.
gross & Net NPA almost same.
DII increased holding by 2.8%

Negatives
after merger financing profit is negative (since sep23)
FII reduced holding by 4.5%, Public holding increased by 1.6%.
provisions increased
Transakcja zamknięta: osiągnięto wyznaczony cel
target reached
Chart Patterns

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