Signals, Powered By EquityPandit
HDFCBANK Weekly Outlook and Analysis:
For the Week: (August 09,2021 – August 13,2021)
BSE: 500180| NSE: HDFCBANK| ISIN: INE040A01026| SECTOR: BANKS
HDFC Bank Share Price: 1492.65 (NSE)
HDFC Bank closed the Week on Positive Note Gaining 4.64%
Weekly High:1507.05
Weekly Low: 1410
Weekly Range: 97.05 Points
Weekly Support & Resistance For HDFC Bank:
| RESISTANCE 2 | 1567 |
| RESISTANCE 1 | 1530 |
| SUPPORT 1 | 1433 |
| SUPPORT 2 | 1373 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1433 levels, Minor resistance on the upside is capped around 1530 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 @1373 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 @1567
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 1567 on upside and 1373 on downside.
