Check HDFC Full Analysis at Unicorn Signals

HDFC Bank Weekly Outlook and Analysis:

For the Week: (05-JUN-2023 to 09-JUN-2023)

BSE: 500180| NSE: HDFCBANK| ISIN: INE040A01026| SECTOR: BANKS

HDFC Bank Share Price: 1606.50 (NSE)

HDFC Bank closed the Week on Negative Note losing 0.58%

Weekly High: 1642.65
Weekly Low: 1600
Weekly Range: 42.65 Points

Weekly Support & Resistance For HDFC Bank:

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1590 levels, Minor resistance on the upside is capped around 1632 levels.

If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Ma-jor Support on lower side @1574 and If stock breaches minor resistance on the upside and closes above it we may see fresh break-out and stock can head towards Major Resistances Level @1659

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 1659 on upside and 1574 on downside.