Signals, Powered By EquityPandit
HDFCBANK Weekly Outlook and Analysis:
For the Week: (March 14, 2022 – March 18, 2022)
BSE: 500180| NSE: HDFCBANK| ISIN: INE040A01026| SECTOR: BANKS
HDFC Bank Share Price: 1396.80(NSE)
HDFC Bank closed the Week on Positive Note Gaining 2.22%
Weekly High: 1427
Weekly Low: 1292
Weekly Range: 135 Points
Weekly Support & Resistance For HDFC Bank:
| RESISTANCE 2 | 1507 |
| RESISTANCE 1 | 1452 |
| SUPPORT 1 | 1317 |
| SUPPORT 2 | 1237 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1317 levels, Minor resistance on the upside is capped around 1452 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 @1237 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 @1507
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit’s Predicts Range for the Weekly as 1507 on upside and 1237 on downside.
