HDFC BANK

HDFC Bank Outlook for the Week (Nov 01,2021 – Nov 05,2021)

HDFCBANK Weekly Outlook and Analysis:

For the Week: (Nov 01,2021 – Nov 05,2021)

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

HDFC Bank Share Price: 1582.85  (NSE)

HDFC Bank closed the Week on Negative note losing 5.82%

Weekly High: 1690

Weekly Low: 1560

Weekly Range: 130 Points

Weekly Support & Resistance For HDFC Bank:

RESISTANCE 21740
RESISTANCE 11660
SUPPORT 11530
SUPPORT 21480

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1530 levels, Minor resistance on the upside is capped around 1660 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 @1480 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 @1740

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 1740 on upside and 1480 on downside.

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