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HDFCBANK Weekly Outlook and Analysis:
For the Week: (Jan 24,2022 – Jan 28,2022)
BSE: 500180| NSE: HDFCBANK| ISIN: INE040A01026| SECTOR: BANKS
HDFC Bank Share Price: 1521.60 (NSE)
HDFC Bank closed the Week on Negative Note Losing 1.52%
Weekly High: 1556
Weekly Low: 1485.60
Weekly Range: 70.40 Points
Weekly Support & Resistance For HDFC Bank:\
| RESISTANCE 2 | 1590 |
| RESISTANCE 1 | 1556 |
| SUPPORT 1 | 1485 |
| SUPPORT 2 | 1450 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1485 levels, Minor resistance on the upside is capped around 1556 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 @1450 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 @1590
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 1590 on upside and 1450 on downside.
