HDFC Bank Limited
Long

HDFC Bank 1 Week View

123
📈 Key Technical Levels for the Week

Resistance Levels:

R1: ₹1,005.43

R2: ₹1,021.02

R3: ₹1,034.00

Support Levels:

S1: ₹965.32

S2: ₹949.73

S3: ₹937.47

A close above ₹1,005.43 could indicate a breakout, while a drop below ₹965.32 may signal a potential reversal.

📊 Technical Indicators

RSI (14): 77.88 — Overbought, suggesting potential for a pullback.

MACD: Positive, indicating bullish momentum.

CCI: 202.29 — Overbought, aligning with the RSI reading.

ADX: 32.18 — Bullish trend strength.

The stock is trading above its 20-day and 50-day moving averages, indicating a bullish trend.

🔍 Weekly Outlook

Trading Range: ₹937.47 – ₹1,021.02

Immediate Support: ₹965.32

Immediate Resistance: ₹993.17

A close above ₹1,005.43 could lead to further gains, while a close below ₹965.32 may suggest a bearish reversal.

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