HDFCBANK 1H Time frame

Key Price & Market Info

Current Price: ~ ₹960-965

52-Week Range: ~ ₹806 – ₹1,018

Daily Range (recent): roughly between ₹959 – ₹966

🔎 Technical Indicators & Momentum

RSI (14-hour): ~ 42-45 → Neutral to mildly weak

MACD (hourly estimates): Slightly negative → some bearish pressure

ADX (trend strength): Moderate (~20-25) → trend is present but not very strong

Moving Averages:

Short-term (5-10 hour) MAs seem to be acting as minor resistance/support zones near current price

Mid-term MAs (50-hour) are above the price → resistance upward

Long-term support (200-hour MA) is well below current price → that gives some downside cushion

🔧 Support & Resistance (1-Hour)

Immediate Resistance: ~ ₹970-975

Near Resistance Zone: ~ ₹985-₹990

Support Levels: ~ ₹950-₹955 first, then ~₹940 if weakness increases

🧭 Short-Term Outlook

Bullish Case: If price breaks above ~₹970-975 with volume, upward move toward ~₹985+ might be possible.

Bearish Case: Failing resistance and dropping below ~₹950 might test lower support ~₹940.

Overall Bias: Slightly bearish to neutral—more inclined to expect consolidation or minor pullback unless strong upward catalyst appears.