HDFC BANK LTDLong
HDFC Bank 1D Price Action Behavior
HDFC Bank chart, on 1 Day timeframe, shows a healthy uptrend with periods of consolidation and correction. The repeated base formations and subsequent upward moves suggest that the stock has strong support levels, and the resistance zone around 1650-1673 INR will be a key area to watch for determining the next direction of the trend.
The price is currently within the resistance zone, indicating a critical level where the traders might be watching for either a breakout or a reversal. If the stock breaks through this resistance, it could indicate a continuation of the uptrend. If not, it may consolidate or retrace to the support zone.
The price is currently within the resistance zone, indicating a critical level where the traders might be watching for either a breakout or a reversal. If the stock breaks through this resistance, it could indicate a continuation of the uptrend. If not, it may consolidate or retrace to the support zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.