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After last week’s 8% dip, will HDFC Bank shares attract bargain hunters? Anand James makes a point
"Shares of HDFC Bank, which fell 8% last week, may attract dip buyers, but a sustained rally is unlikely. The recent fall has highlighted bearish undercurrents and suggests that the bear phase may continue until the stock reaches Rs 1322. However, if there are upward moves that unsettle the Rs 1544-1555 region, this view may be challenged."
