Bought 29000 PE @ Rs 140
Added equal qty @ 133 .. average Rs 137
Bought another 25% @ Rs 120 .. now average is 131
will exit completely when Banknifty falls 40 points . .lets see .. i.e. BNF 29010
RSI Analysis
Not a single sector index at RSI above 50
Small and Midcap index oversold on RSI
Three sector indices oversold on RSI
Nifty & Nifty Bank trading just above oversold level of 30
HDFC Bank"s net worth was 29% of ICICI Bank in 2009.After 10 years,HDFC Bank"s net worth is 39 % more than ICICI bank. ICICI Bank Profit after tax for ICICI Bank is still less than 1% of its PAT in 2009 but PAT of HDFC Bank is 940 % of its PAT in 2009....
That is why HDFC Bank commands the premium valuations. Consistancy and management quality is important in stock investments.
( This is based on figures someone shared on whattsapp...)