HDFC Bank Outlook for the Week (Oct 12,2020 – Oct 16,2020)

SECTOR: BANKS.

Weekly Support & & Resistance For HDFC Bank:.

RESISTANCE 1.
1277.

On everyday chart we can see HDFC BANK share price are sustaining above 1227 levels which is 1.618% of Fibonacci retracement. In brief, HDFC BANK looks to be positive. Move towards 1259 levels can be anticipated on upside. Positive Bias was made with the assistance of Bollinger band.Positive Bias was made with the assistance of Bollinger band.

If stock breaches small support on the drawback and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 1067 and If stock breaches small resistance on the advantage and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 1319.

Weekly Low: 1111.00.

SUPPORT 2.
1067

HDFC Bank Share Price: 1233.55 (NSE).

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Stock is trading above 200 days rapid moving average, recommends long term pattern is bullish. EquityPandits Predicts Range for the Weekly as 1319 on upside and 1067 on downside.

For the Week: (Oct 12,2020– Oct 16,2020).

Technically on the day-to-day charts EquityPandits Analyst see: Minor support on the disadvantage lies at 1150 levels, Minor resistance on the advantage is topped around 1277 levels.

RESISTANCE 2.
1319.

ASSISTANCE 1.
1150.

HDFC Bank closed the Week on favorable note getting 11.43%.

SECTOR: BANKS.

On everyday chart we can see HDFC BANK share rate are sustaining above 1227 levels which is 1.618% of Fibonacci retracement. In other words, HDFC BANK seems favorable. Move towards 1259 levels can be expected on advantage. Positive Bias was made with the aid of Bollinger band.Positive Bias was made with the assistance of Bollinger band.

Weekly Range: 126.00 Points.

Weekly High: 1237.00.