EquityPandit’s Outlook for HDFC Bank for the week (Sept 23, 2019 – Sept 27, 2019):
HDFC Bank Ltd.
BSE: 500180| NSE: HDFCBANK| ISIN: INE040A01026| SECTOR: BANKS
Stock closed the week on negative note losing –1.66.%
Week High: 2083
Week Low: 1960
Week Range: 123 Points
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2077 levels, Minor resistance on the upside is capped around 2094 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 @ 2000 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 @ 2100
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the week as 2080 on upside and 2030 on downside.