Trend
Trading around ₹967 – ₹970.
Stock is in a consolidation phase for the past few months.
Long-term trend is intact since it is above the 200-day moving average.
Support Levels
₹960 – ₹965 → immediate support zone.
₹945 – ₹950 → stronger support; if this breaks, stock may weaken further.
Resistance Levels
₹970 – ₹975 → immediate resistance; stock is struggling to cross this area.
₹980 – ₹992 → next major resistance; breakout above this could open path to ₹1,020.
Indicators
RSI near 55 → neutral to mildly bullish, not overbought.
MACD positive, showing some upward momentum.
Short-term moving averages are mixed, but long-term support remains strong.
Price Action
Range-bound between ₹960 – ₹975.
Breakout or breakdown from this range will decide the next trend.
✅ Facts & Insights
Fact 1: Above ₹975, HDFC Bank can rally towards ₹980 – ₹992 and possibly ₹1,020.
Fact 2: Below ₹960, stock may slip to ₹945 – ₹950, and deeper to ₹920 – ₹900 if weakness continues.
Fact 3: Long-term outlook remains positive, but short-term is sideways until a breakout.
Trading around ₹967 – ₹970.
Stock is in a consolidation phase for the past few months.
Long-term trend is intact since it is above the 200-day moving average.
Support Levels
₹960 – ₹965 → immediate support zone.
₹945 – ₹950 → stronger support; if this breaks, stock may weaken further.
Resistance Levels
₹970 – ₹975 → immediate resistance; stock is struggling to cross this area.
₹980 – ₹992 → next major resistance; breakout above this could open path to ₹1,020.
Indicators
RSI near 55 → neutral to mildly bullish, not overbought.
MACD positive, showing some upward momentum.
Short-term moving averages are mixed, but long-term support remains strong.
Price Action
Range-bound between ₹960 – ₹975.
Breakout or breakdown from this range will decide the next trend.
✅ Facts & Insights
Fact 1: Above ₹975, HDFC Bank can rally towards ₹980 – ₹992 and possibly ₹1,020.
Fact 2: Below ₹960, stock may slip to ₹945 – ₹950, and deeper to ₹920 – ₹900 if weakness continues.
Fact 3: Long-term outlook remains positive, but short-term is sideways until a breakout.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.