HDFC BANK

As of June 6, 2025, HDFC Bank Ltd. (NSE: HDFCBANK) is trading at approximately ₹1,944.90. Here's a detailed technical analysis focusing on daily support and resistance levels:

📊 Daily Pivot Points (Classic Method)
Calculated based on the previous day's high, low, and close prices:

Pivot Point: ₹1,949.57

Support Levels:

S1: ₹1,940.23

S2: ₹1,930.87

S3: ₹1,921.53

Resistance Levels:

R1: ₹1,958.93

R2: ₹1,968.27

R3: ₹1,977.63

Source: Top Stock Research

📈 Fibonacci Support & Resistance Levels
Based on Fibonacci calculations:

Support Levels:

S1: ₹1,942.42

S2: ₹1,938.01

S3: ₹1,930.87

Resistance Levels:

R1: ₹1,956.71

R2: ₹1,961.12

R3: ₹1,968.27

🔍 Camarilla Pivot Points
These levels are derived using the Camarilla method:

Support Levels:

S1: ₹1,947.89

S2: ₹1,946.17

S3: ₹1,944.46

Resistance Levels:

R1: ₹1,951.31

R2: ₹1,953.03

R3: ₹1,954.74

📌 Trading Insights
Immediate Support: ₹1,940.23 (Classic S1)

Immediate Resistance: ₹1,958.93 (Classic R1)

Traders may consider these levels for setting stop-loss and take-profit orders. A break above ₹1,958.93 could signal bullish momentum, while a drop below ₹1,940.23 might indicate bearish pressure.