HDFCBANK Weekly Outlook and Analysis:

For the Week: (Dec 06,2021 – Dec 10,2021)

BSE: 500180| NSE: HDFCBANK| ISIN: INE040A01026| SECTOR: BANKS

HDFC Bank Share Price: 1489.90  (NSE)

HDFC Bank closed the Week on Negative note losing 3.22%

Weekly High: 1552.70

Weekly Low: 1485

Weekly Range: 67.70 Points

Weekly Support & Resistance For HDFC Bank:

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1466 levels, Minor resistance on the upside is capped around 1533 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 @1440 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 @1576

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit’s Predicts Range for the Weekly as 1576 on upside and 1440 on downside.