Signals, Powered By EquityPandit
Check HDFC Bank Full Analysis At Unicorn Signals
HDFC Bank Weekly Outlook and Analysis:
For the Week: (June 19, 2023 – June 23, 2023)
HDFC Bank Outlook for the Week for the Week (June 19, 2023 – June 23, 2023)
BSE: 500180| NSE: HDFCBANK| ISIN: INE040A01026| SECTOR: BANKS
HDFC Bank Share Price: 1602.75 (NSE)
HDFC Bank closed the Week on Negative Note losing 0.49%
Weekly High: 1615.80
Weekly Low: 1579
Weekly Range: 36.80 Points
Weekly Support & Resistance For Nifty Media:
| RESISTANCE 2 | 1636 |
| RESISTANCE 1 | 1619 |
| SUPPORT 1 | 1583 |
| SUPPORT 2 | 1562 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1583 levels, Minor resistance on the upside is capped around 1619 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 @1562 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 @1636
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 16436 on upside and 1562 on downside.
