Signals, Powered By EquityPandit
HDFCBANK Weekly Outlook and Analysis:
For the Week: (Dec 20,2021 – Dec 24,2021)
BSE: 500180| NSE: HDFCBANK| ISIN: INE040A01026| SECTOR: BANKS
HDFC Bank Share Price: 1473.05 (NSE)
HDFC Bank closed the Week on Negative Note Losing 3.25%
Weekly High: 1537.65
Weekly Low: 1467.70
Weekly Range: 69.95 Points
Weekly Support & Resistance For HDFC Bank:
| RESISTANCE 2 | 1563 |
| RESISTANCE 1 | 1518 |
| SUPPORT 1 | 1447 |
| SUPPORT 2 | 1421 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1447 levels, Minor resistance on the upside is capped around 1518 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 @1421 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 @1563
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit’s Predicts Range for the Weekly as 1563 on upside and 1421 on downside.
