27-7-2014 - HDFC ( Short term investment )

            HDFC has closed at 1067.75 ( Cash segment ). This stock has given a clear breakout. You can very well see that in the below mentioned chart. On every dip, one can buy this stock and accumulate in small quantities. Please remember that the quantity must be according to one’s appetite and one must digest the Stop Loss level with the quantity bought.

            This is a good stock to be in with a view of investment. One can initiate a long position in this stock for
the good 10 % and 20 % kind of targets. This stock can be bought with a perspective of at least 2 to 4 months of time horizon. Quantity is a factor which has to be dealt with proper risk management and one must know their limits and holding capacity, as this is not an intraday trade. So be patient and stay invested. Any dip till 1000 level is a good accumulating area.
And a strict Stop Loss of 960 must be kept on closing basis. No one knows about the dip and the intensity of a dip, or whether the dip will come or not. That is why we are advising to keep the quantity small so one can buy and add more if it goes down or goes up. So remember these points and trade safe.