HDFC Bank Outlook for the Week (Oct 05,2020 – Oct 09,2020)

Weekly High: 1110.00.

SUPPORT 1.
1062.

BSE: 500180

Weekly Low: 1042.65.

Stock is trading above 200 days rapid moving average, recommends long term pattern is bullish. EquityPandits Predicts Range for the Weekly as 1154 on advantage and 1018 on disadvantage.

SUPPORT 2.
1018

On day-to-day chart we can see HDFC BANK share rate are sustaining above 61.8% of Fibonacci retracement level. In short, HDFC BANK looks to be favorable. Move towards 1140 levels can be expected on advantage. Positive Bias was made with the assistance of Bollinger band.Positive Bias was made with the help of Bollinger band.

On everyday chart we can see HDFC BANK share price are sustaining above 61.8% of Fibonacci retracement level. In other words, HDFC BANK looks to be positive. Move towards 1140 levels can be expected on advantage. Positive Bias was made with the help of Bollinger band.Positive Bias was made with the aid of Bollinger band.

If stock breaches minor assistance on the downside and closes listed below it we may see fresh break down and stock can drag towards Major Support on lower side @ 1018 and If stock breaches small resistance on the advantage and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 1154.

RESISTANCE 2.
1154.

HDFC Bank closed the Week on favorable note getting 6.02%.

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Technically on the everyday charts EquityPandits Analyst see: Minor assistance on the downside lies at 1062 levels, Minor resistance on the benefit is capped around 1130 levels.

Weekly Support & & Resistance For HDFC Bank:.

SECTOR: BANKS.

For the Week: (Oct 05,2020– Oct 09,2020).

HDFC Bank Share Price: 1106.95 (NSE).

RESISTANCE 1.
1130.

Weekly Range: 67.35 Points.