From 2000 to 2008, HDFC outperformed HDFC Bank. The cycle turned thereafter in the favor of Bank. Looks like it may turn again.
*Housing Finance vs Banking*
More from Piyush Chaudhry
This is how to differentiate:
• if right shoulder is smaller than left, most likely a continuation H&S
• if right is same or higher than left, and the price is not coming to neckline, most likely CF
sir a doubt does head & shoulders work in down trend ? pic.twitter.com/dytYmbzOfp
— Vega_Greek (@VegaGreek) May 13, 2021
More from Hdfc
Before heading further; Profit booking might come in as it is approaching towards Point D of the Harmonic setup.
[The view towards 3000 remains intact once Point D is breached]
#StockMarket https://t.co/BJzHFDl93F
HDFC Update
— Gurleen (@GurleenKaur_19) August 14, 2021
2715 \U0001f4cd
In Weekly; next in-line 2850.
In Monthly; Once ATH is taken out, A sight of 3000+ would be caught. #StockMarket #StocksInFocus #HDFC https://t.co/VpM9Yvbq7l pic.twitter.com/GKXhk1cuHo
Double Top Buy above 2864.83 daily close on 1% Box Size chart. https://t.co/oP7KnYn7R8
HDFC
— Saket Reddy (@saketreddy) February 2, 2021
High Quality standalone business, Holds double digit stakes in High quality group companies like HDFCBANK & HDFCLIFE.
Double Top buy & ABC Pattern breakout above 2698.8 daily close on 1% box size chart & Double top buy above 2756.62 on 3% box size chart. https://t.co/6ozyrPMgIG pic.twitter.com/fXRcAI9Kws
HDFC - might pull back till 2620. A good risk-reward setup with a SL below 2560. I have entered with 2.5% capital only as large caps have a tendency of slow moves. pic.twitter.com/wpdGLPPLGe
— The_Chartist \U0001f4c8 (@nison_steve) August 5, 2021
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Ironies of Luck https://t.co/5BPWGbAxFi
— Morgan Housel (@morganhousel) March 14, 2018
"Luck is the flip side of risk. They are mirrored cousins, driven by the same thing: You are one person in a 7 billion player game, and the accidental impact of other people\u2019s actions can be more consequential than your own."
I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.
In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.
So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.
Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.