HDFC Bank Outlook for the Week (Sept 21,2020 – Sept 25,2020)

NSE: HDFCBANK

If stock breaches minor assistance on the drawback and closes listed below it we might see fresh break down and stock can drag towards Major Support on lower side @ 1017 and If stock breaches minor resistance on the benefit and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 1115.

RESISTANCE 1.
1086.

Weekly Support & & Resistance For HDFC Bank:.

HDFC Bank closed the Week on unfavorable note losing 1.98%.

SUPPORT 1.
1037.

SECTOR: BANKS.

For the Week: (Sept 21,2020– Sept 25,2020).

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Technically on the daily charts EquityPandits Analyst see: Minor assistance on the drawback lies at 1037 levels, Minor resistance on the benefit is capped around 1086 levels.

Weekly High: 1096.00.

Stock is trading below 200 days exponential moving average, suggests long term pattern is bearish. EquityPandits Predicts Range for the Weekly as 1115 on upside and 1017 on downside.

Weekly Low: 1047.20.

SUPPORT 2.
1017

Weekly Range: 48.80 Points.

The present structure reveals that HDFC BANK share cost closed below trend line break out.As long as it stays listed below the very same, weakness can be seen towards 1020 levels. The day-to-day MACD is bearish and it trades listed below the signal line. Bearish Engulfing pattern appeared on daily chart.

RESISTANCE 2.
1115.

HDFC Bank Share Price: 1057.30 (NSE).

The present structure shows that HDFC BANK share price closed listed below pattern line break out.As long as it stays listed below the same, weakness can be seen towards 1020 levels. The everyday MACD is bearish and it trades listed below the signal line. Bearish Engulfing pattern appeared on daily chart.