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Check HDFC Bank Full Analysis At Unicorn Signals
HDFC Bank Weekly Outlook and Analysis:
For the Week: (July 24, 2023 – July 28, 2023)
HDFC Bank Outlook for the Week (July 24, 2023 – July 28, 2023)
BSE: 500180| NSE: HDFCBANK| ISIN: INE040A01026| SECTOR: BANKS
HDFC Bank Share Price: 1675.75 (NSE)
HDFC Bank closed the Week on Positive Note Gaining 1.90%
Weekly High: 1704
Weekly Low: 1633
Weekly Range: 49.60 Points
Weekly Support & Resistance For HDFC Bank:
| RESISTANCE 2 | 1742 |
| RESISTANCE 1 | 1709 |
| SUPPORT 1 | 1638 |
| SUPPORT 2 | 1600 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1638 levels, Minor resistance on the upside is capped around 1709 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 @1600 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 @1742
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 1742 on upside and 1600 on downside.
