Stocks

HDFC hits record high; chart points to more upside

Reuters Mumbai | Updated on July 18, 2019 Published on July 18, 2019

Shares of Housing Development Finance (HDFC) gained as much as 1.78 per cent to a record high of Rs 2,327.45.

The stock broke above a resistance at Rs 2,309.02.

The breakout suggests that in the near term, stock may test the next resistance at Rs 2,396, the 86.4% projection level

The stock was up 16.2 per cent this year as of last close, outperforming the Nifty at 7.6 per cent gains in the same period.

Published on July 18, 2019
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