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HomeSTOCKSDon't Sell This Share; Wait For 4-5 Days; Good Choice For Long...

Don’t Sell This Share; Wait For 4-5 Days; Good Choice For Long Term And Short Term

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Bank Stock to Buy: There are weak signals from the global market. Other triggers include an earthquake in Taiwan and the surge in bond yields. Amidst pressure and fluctuations in the market, I have selected this private bank HDFC Bank Ltd (NSE: HDFCBANK) a short-term technical pick. 

You can take a position in this HDFC Bank for 4-5 days. This stock has risen by about 3 percent in the last week.

The domestic market is affected by weak global signals on Wednesday (April 3). This includes earthquakes in Taiwan, surges in bond yields, and other triggers. 

The market opened in the red. Besides, the market is also eyeing the RBI MPC policy starting from yesterday. Sensex has fallen by about 300 points to 73600 and Nifty has slipped by about 100 points to below 22,400. 

At the same time, the gold rate on MCX is trading at a record high. 10 grams of gold reached Rs 69699. Earlier on Tuesday, the Sensex had closed down 110 points at 73,903.

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HDFC Bank: Target For 4-5 Days

A renowned Brokerage firm has chosen HDFC Bank as its technical pick for 2-3 days. The target has been kept at Rs 1548. On April 3, 2024, the closing share price was Rs 1484.

This will result in a stock price increase of 4-5 percent. The 52-week high of this stock is 1,757 and the low is 1,363.

HDFC Bank: Correction In Shares

HDFC Bank’s performance has been sluggish in the last year. The stock has fallen by about 9 percent in a year. 

There is a weakness of 4 percent in this bank share in the last 6 months. The stock has weakened by 14 percent so far this year. 

The stock price has also risen more than 3 percent over the past week. The market cap of the company on BSE is more than Rs 11.18 lakh crore.

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