EquityPandit’s Outlook for HDFC Bank for the week (Nov 11, 2019 – Nov 15, 2019):
BSE: 500180| NSE: HDFCBANK| ISIN: INE040A01026| SECTOR: BANKS
Stock closed the week on positive note gaining 1.19%
Week High: 1269.70
Week Low: 1228.05
Week Range: 41.65 Points
HDFC Bank Ltd.
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1252 levels, Minor resistance on the upside is capped around 1263 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 @ 1249 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 @ 1268
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the week as 1280 on upside and 1240 on downside.
Weekly pivot Levels For HDFCBANK: