Leadership: Financial Services Plays.
2019 has been a great year for Large Cap Financial Services play like Bajaj Finserv, HDFC AMC, HDFC Life, ICICI Prudential, ICICI Lombard, and SBI Life.
Here’s HDFC AMC Chart
Source: Chartalert.com
All these big names Bajaj Finserv, HDFC AMC, HDFC Life, ICICI Prudential, ICICI Lombard, and SBI Life should be on your Opportunity List and buys on declines
My recommendation for now: ICICI Securities
Source: Chartalert.com
ICICI Sec stock made a large candle move on strong volumes and the interest/volume has sustained. The stock has formed an attractive Price Volume pattern and it seems like this bullishness will continue for some time.
The article has been written purely for educational purpose.
Hi Deepak…Have you looked at the microfinance lenders like CreditAccess Grameen and MAS FInancial ? They seem to have broken out after quite some time. Any views ?