Signals, Powered By EquityPandit
HDFCBANK Weekly Outlook and Analysis:
For the Week: (August 16,2021 – August 20,2021)
BSE: 500180| NSE: HDFCBANK| ISIN: INE040A01026| SECTOR: BANKS
HDFC Bank Share Price: 1526.20 (NSE)
HDFC Bank closed the Week on Positive Note Gaining 2.25%
Weekly High: 1531
Weekly Low: 1476
Weekly Range: 55 Points
Weekly Support & Resistance For HDFC Bank:
| RESISTANCE 2 | 1566 |
| RESISTANCE 1 | 1546 |
| SUPPORT 1 | 1491 |
| SUPPORT 2 | 1456 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1491 levels, Minor resistance on the upside is capped around 1546 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 @1456 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 @1566
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 1566 on upside and 1456 on downside.
