EquityPandit’s Outlook for HDFC Bank for week (July 13, 2015 – July 17, 2015):

HDFC BANK:

HDFC Bank closed the week on positive note gaining around 1.5%.

The stock is in strong uptrend and all the resistances are taken out. As we have suggested last week that above the levels of 1080 we could see stock moving towards the levels of 1100 and the stock hit a high of 1095 levels during the week.

The stock can face resistance around the levels of 1110 where earlier high is positioned.

Support for the stock lies in the range of 1050 to 1070 where trend-line and short term moving averages are positioned.

Broad range for the stock in the coming week can be 1050 – 1070 on lower side to 1100 – 1130 on upper side.