EquityPandit’s Outlook for HDFC Bank for the week (Nov 25, 2019 – Nov 29, 2019):
BSE: 500180| NSE: HDFCBANK| ISIN: INE040A01026| SECTOR: BANKS
Stock closed the week on negative note losing -1.03%
Week High: 1287
Week Low: 1258.70
Week Range: 28.3 Points
HDFC Bank Ltd.
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1259 levels, Minor resistance on the upside is capped around 1280 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 @ 1251 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 @ 1288.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the week as 1295 on upside and 1230 on downside.