HDFC BANK LTDLong
HDFC Bank Limited's stock
As of December 29, 2024, HDFC Bank Limited's stock (HDFCBANK) closed at ₹1,797.85 on the National Stock Exchange (NSE), marking a 0.34% increase from the previous close.
MARKETWATCH
The stock is currently trading below its 52-week high of ₹1,880.00, reached on December 9, 2024.
For the upcoming trading sessions, key support and resistance levels have been identified based on recent price movements:
Support Levels:
S1: ₹1,790.97
S2: ₹1,781.00
S3: ₹1,773.00
Resistance Levels:
R1: ₹1,806.00
R2: ₹1,815.00
R3: ₹1,823.00
These levels are derived from pivot point calculations, which are widely used to determine potential turning points in the market.
EQUITY PANDIT
Additionally, technical indicators provide further insights:
Relative Strength Index (RSI): 50% (Neutral)
Price/Sales Ratio: 6.43
Price/Book Ratio: 1.98
These indicators suggest a neutral outlook, with the RSI indicating neither overbought nor oversold conditions.
YAHOO FINANCE
Please note that market conditions can change rapidly, and it's essential to consider multiple factors when making trading decisions.
Disclaimer: The information provided is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
MARKETWATCH
The stock is currently trading below its 52-week high of ₹1,880.00, reached on December 9, 2024.
For the upcoming trading sessions, key support and resistance levels have been identified based on recent price movements:
Support Levels:
S1: ₹1,790.97
S2: ₹1,781.00
S3: ₹1,773.00
Resistance Levels:
R1: ₹1,806.00
R2: ₹1,815.00
R3: ₹1,823.00
These levels are derived from pivot point calculations, which are widely used to determine potential turning points in the market.
EQUITY PANDIT
Additionally, technical indicators provide further insights:
Relative Strength Index (RSI): 50% (Neutral)
Price/Sales Ratio: 6.43
Price/Book Ratio: 1.98
These indicators suggest a neutral outlook, with the RSI indicating neither overbought nor oversold conditions.
YAHOO FINANCE
Please note that market conditions can change rapidly, and it's essential to consider multiple factors when making trading decisions.
Disclaimer: The information provided is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
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( Contact Number - +91 76782 40962 )
(Mail - Empirecrowntrade@gmail.com)
(Telegram - @Empirecrowntrade)
(whats app code - wa.link/tjaycw )
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