HDFC Bank can rise 25% from here to Rs 2,000 level in 6 months, charts show

HDFC and HDFC Bank are expected to perform better in coming months as per the charts.

HDFC Bank Limited (HDFCBANK): Following a breakout over Rs 1,500 levels, the counter is set to rise towards Rs 2,000 with a support of Rs 1,350 mark in the coming six months, as per the weekly chart. The Relative Strength Index (RSI) has entered the overbought condition; but the intermittent selling pressure has not been able to drag the counter lower. This shows strength and momentum, which is expected to be on the positive side. Going forward, a move above Rs 1,650 level may open the door for the stock to hit Rs 1,750 in the coming six months, provided