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Wednesday, September 21, 2011

TRADING RECOMMENDATIONS Housing Development Finance Corporation Ltd.

Technical Outlook & Trading Strategy:-

The share price of HDFC has registered a break-out from its Inverted Head & Shoulders pattern (Intraday chart).

This is a bullish pattern and the measuring implication suggests towards a strong possibility of the share price heading to the targets of Rs 695 /Rs 705. We recommend buy at current price with a stoploss placed below Rs 656.40.

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