-------- Forwarded Message --------
Subject: HDFC: 1175-1205 Zone May Be A Big Hurdle Despite De-Leveraging
Push
Date: Mon, 25 Apr 2016 09:05:52 +0530
From: Asis Ghosh <asis...@gmail.com>
Reply-To: asis...@gmail.com
Technically, HDFC (CMP:1132) need to stay above 1160-1175-1205 zone for
any rally up to 1250-1275 and 1295-1325 & 1380-1405 in the near to long
term.
On the other side, inability to sustain above 1160, it may face selling
pressure and fall below 1120-1095 zone, it may further drift towards
1065-1045-1010 zone in the near term.
*Trading Idea: HDFC*
*
*
*CMP: 1132*
*
*
*Either sell below 1160 or on rise around 1175-1205;*
*
*
*TGT: 1120-1095*-1065-1045-1010*-975*-960-940* (1-3/6M)*
*
*
*TSL> 1220*
*Note*: Consecutive closing (3 days) above 1220 zone for any reason,
HDFC may further rally up to 1250-1275*-1295-1325-1350* & 1380-1405 in
the near to long term (alternative bullish case scenario).
Some analysts are expecting somewhat muted result from HDFC in Q4FY16
which will include one time exceptional gain of Rs.1220 cr from a 9%
stake sale to Standard Life in Aug'15.
All eyes will be also on any potential pressure on developer loans in
Q4FY16 and as par some news, HDFC may provide around Rs.450 cr as
additional provisioning for stressed assets.
As par MAQ, valuation of HDFC under SOTP may be around 1168 as below:
HDFC core business: 685
HDFC Bank: 338
HDFC Standard Life: 60
HDFC Asset Management: 34
HDFC Non-Life Insurance: 13
Gruh Finance: 37
Alternate Assets: 1
----------------
Target Price: 1168
*Analytical Charts:*
<https://4.bp.blogspot.com/-Baz3mm-yEEQ/Vx2M9yFsPjI/AAAAAAAAG8s/Ox9rJPoQ7Mcn6cnnkl-TmOPFqL5kZUInACLcB/s1600/HDFC-22-04-2016.png>
<https://4.bp.blogspot.com/-Sq4-XkzbReg/Vx2NAbRq0dI/AAAAAAAAG8w/RnzpeLS6F7ErU5FHnJCttznIA-fJij38ACLcB/s1600/HDFC-FIBB-22-04-2016.png>
<https://3.bp.blogspot.com/-Q4gufrTDWQI/Vx2NCFUIBSI/AAAAAAAAG80/khWX5sJoNUErLqJwzHG7eG5nsduFLa00gCLcB/s1600/HDFC-WK-22-04-2016.png>
<https://4.bp.blogspot.com/-Fr6oX2wP1gs/Vx2NF6JZqaI/AAAAAAAAG84/WdPrsVP1mIQjag1z6jcbjJ0VNzoAuBJLACLcB/s1600/HDFC-PATTERN-22-04-2016.png>
<https://2.bp.blogspot.com/-odSwK_Ot-0Y/Vx2NIIYjuaI/AAAAAAAAG88/WTK5sGZ4bKwKSUAXPpv2yw-KUImZ0SR6gCLcB/s1600/HDFC-TL-22-04-2016.png>
<https://3.bp.blogspot.com/-Qc7wW_64x2Q/Vx2NKczj6KI/AAAAAAAAG9A/9_eAFGXhhkkcxz3RhJujD9cQIpknj0m9QCLcB/s1600/HDFC-TL-ST-22-04-2016.png>
--
Thanks & Regards,
Asis Ghosh
(asisghosh.blogspot.com)
RIL Result
update:http://asisghosh.blogspot.in/2016/04/ril-ahead-of-result-big-hurdle-may-be.html
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