Big Movers on D-Street: What should investors do with HDFC Bank and Just Dial?

economictimes.indiatimes.com:

The Sensex jumped 529 points to settle at its new all-time closing high of 66,589, while the broader Nifty rose 146 points to end at a new record high of 19,711. Stocks that were in focus include names like HDFC Bank, which rose 2% and Just Dial, whose shares fell 4.28% on Monday.Here's what Riches Vanara, Technical and Derivatives Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today:HDFC Bank — BuyThe banking major is trading in an ascending triangle pattern and nearing the breakout zone of the said pattern.

The positive momentum is intact in the stock with parameters like MACD & Relative strength supportive of further up move. We recommend buying the stock for targets of 1724 and 1760.

Immediate support for the stock is around 1660 level.Just Dial — BuyThe stock is breaking out from its ascending channel pattern and retesting of the break-out zone saw a fair amount of buying interest. The momentum indicator is also supportive of the bullish price action.

Also, the stock is trading at a good buying juncture. We reckon to buy for targets of 823 and 854.

The immediate support is placed around 782 and 770 levels.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)