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HDFC Bank Shares Could Break A Three-Year Resistance
This breakout would suggest an upside target of Rs 2,373 apiece, representing a potential increase of 35–38%, says CLSA.
28 Jun 2024, 06:00 AM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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HDFC Bank branch. (Source: Vijay Sartape/NDTV Profit)
HDFC Bank Ltd.'s shares have entered a key trading range that they have failed to break out of six times before in the past three years. Shares of India's largest private sector bank have been a notorious underperformer among companies in the NSE Nifty 50, with little to no returns over nearly a three-year period.However, with the stock back at its years-long resistance level, continued momentum could suggest a breakout, according to...
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