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Check HDFC BANK Full Analysis At Unicorn Signals
HDFCBANK Weekly Outlook and Analysis:
For the Week: (May 16, 2022 – May 20, 2022)
Check HDFCBANK Full Analysis At Unicorn Signals
BSE: 500180| NSE: HDFCBANK| ISIN: INE040A01026| SECTOR: BANKS
HDFC Bank Share Price: 1317.60(NSE)
HDFC Bank closed the Week on Negative Note Losing 4.84%
Weekly High: 1406.45
Weekly Low: 1313
Weekly Range: 93..45 Points
Weekly Support & Resistance For HDFC Bank:
| RESISTANCE 2 | 1438 |
| RESISTANCE 1 | 1377 |
| SUPPORT 1 | 1284 |
| SUPPORT 2 | 1252 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1284 levels, Minor resistance on the upside is capped around 1377 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @1252 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @1438
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit’s Predicts Range for the Weekly as 1438 on upside and 1252 on downside.
