HDFC Bank Limited
Panjang

HDFCBANK 1D Time frame

80
Current Price Action

HDFCBANK is trading around ₹962–968.

Day’s low is near ₹960 and high is around ₹978.

The stock is consolidating in a tight range.

⚖️ Key Levels

Immediate Resistance: ₹968 – ₹970

Next Resistance: ₹975 – ₹980

Immediate Support: ₹960

Strong Support: ₹950 – ₹955

📊 Indicators

Moving Averages: Price is below the 50-day MA (short-term weakness) but above the 200-day MA (long-term trend still intact).

RSI (14-day): Around 40–45 → neutral to slightly weak momentum.

MACD: Negative bias, showing limited upside strength.

📈 Outlook

If HDFCBANK stays above ₹960, a bounce toward ₹970 – ₹975 is possible.

A breakout above ₹975 – ₹980 could turn the trend stronger.

If the stock slips below ₹955 – ₹950, it may head lower toward ₹940 – ₹935.

Current bias: Neutral to slightly bearish until price breaks above resistance.

Penafian

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