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HDFC Shares Falling

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Deal Cadet
SakataGintoki

A few months ago, I bought HDFC shares for 1467 each, and sold them at 1540 to play safe. The shares reached 1700+, I cried.

A few day ago, HDFC shares started falling, I bought them at 1515 each, now they are at 1430😭😭

Jokes aside, why is it falling now all of a sudden? I even read somewhere that banks' shares are going to fall now, at least for a few months...is there any reason for that? 

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hdfc1

hdfc2

Important support is between 1406/9 ~ 1303. The stock should bounce back. That's what I am inferring. But as always every setup works in 50/50 mode. Even a random tukka is good for 50/50. But we are doing in a systematic manner so, our prediction might just become right.

If you see the historical chart, 50EMA has never come below 200 EMA on weekly basis. So, that's the biggest strong point.  

Ap logon kaa kya bichar hai?

@MrKool_JJ @malikcool @guest_999 @homedimer @amdoinggood123 @flash007 @drupal @Original @cadence @Dastro  @Rosh_0007

Deal Brigadier Deal Brigadier
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@flash007

6 month baad 1200 pe milte ha 😛

Deal Lieutenant Deal Lieutenant
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@homedimer saving this thread to revisit after 6month & 1 year
Deal Newbie Deal Newbie
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@satakagintoki HDFC shares are falling due to many reasons.
One internal reason being rising interest rates will favor public to deposit more in PSU banks(because PSU banks offer better rates for depositors).
Second reason being HDFC has many clients in US market and there might be some negative sentiment of rising US deficit for its budget(which is not liked by investors because high interest rates will make businesses to borrow less hence less growth)

You can track "HDB" which is HDFC bank's ADR listed in US market. 1ADR is 3 shares of HDFCbank. So multiply ADR value by our currency USDINR and divide the result by 3.3 to get value of HDFC bank in Indian market. You can get estimated value but not exact value.

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Deal Cadet Deal Cadet
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I bought IREDA @ 180, it touched 210, deep down I wanted to sell but human nature (Greed) overpowered me so i thought I will sell tomorrow morning but after that what happened you know. I can see my money burning every morning 🥵🥵🥵

Deal Lieutenant Deal Lieutenant
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you are only at loss of 20% as of now,
think of paytm share holders
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Deal Newbie Deal Newbie
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i have bought 120 shares at 1592

Deal Cadet Deal Cadet
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I can't even ask you to average out your cost, you bought 120 shares😢
To avg this much, you'll have to invest another huge amount now
Deal Newbie Deal Newbie
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Hold hdfcbank its has history of rallying from 200sma this time also trading up/down around it. wait for a good weekly closing . i see minmum target of 2000-2500 hdfcbank in 1 year. its the most uncharted stock.😀 3 years -10% return.

Deal Cadet Deal Cadet
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I hope so too
I read somewhere that HDFC's stock is undervalued too
Helpful Helpful
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IMG-20240215-WA0016

All happy now✌️🚀

Deal Cadet Deal Cadet
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Is this some old newspaper??
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Finance Mentor Finance Mentor
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SOLARA ACTIVA PHARMA 8% up today @bikidas2060 we discussed it on 22nd janvary

Finance Mentor Finance Mentor
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Money doubled in 6 months 

Finance Mentor Finance Mentor
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Keep an eye on ikio lightings CMP 293 😋

Deal Cadet Deal Cadet
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Is the company good for long term investment?
Deal Lieutenant Deal Lieutenant
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so im new to stocks and mutual funds.

when i sell mutual funds there is a stcg tax of 15% deducted and then again i have to pay 15% short terms tax on them?

so im paying total 30% tax?

Generous Generous
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No, only once 

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