Signals, Powered By EquityPandit
HDFCBANK Weekly Outlook and Analysis:
For the Week: (Jan 25,2021 – Jan 29,2021)
BSE: 500180| NSE: HDFCBANK| ISIN: INE040A01026| SECTOR: BANKS
HDFC Bank Share Price: 1443.55(NSE)
HDFC Bank closed the Week on Negative Note Losing 1.57%
Weekly High: 1511.65
Weekly Low: 1440.15
Weekly Range: 71.50 Points
Weekly Support & Resistance For HDFC Bank:
| RESISTANCE 2 | 1535 |
| RESISTANCE 1 | 1490 |
| SUPPORT 1 | 1418 |
| SUPPORT 2 | 1393 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1418 levels, Minor resistance on the upside is capped around 1490 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 @1393 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 @1535
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. . EquityPandit’s Predicts Range for the Weekly as 1535 on upside and 1393 on downside.
On daily chart we can see HDFC BANK share price trading near support line. Black body candle appeared on the chart. Break below 1440 levels will prices down towards 1400 levels.
