HDFC stock Buy Sell or Hold ? HDFC Bank Stock: Is It Better to Buy Before or After the Union Budget
Support and Resistance Levels for HDFC Bank Stock
Support Level:
The major support for HDFC Bank is around ₹1550.
Until the Union Budget 2025, the market and HDFC Bank stock may show some upward momentum.
For now, you can consider buying the stock with ₹1600 as a support level.
Resistance Level:
The major resistance is at ₹1770.
There is a possibility of reaching this target near the resistance level.
If a weekly candle closes above ₹1770, the stock could gain further momentum.
Post the Union Budget, if HDFC Bank holds above the major support, the stock can be held for the long term. Keep a close watch on HDFC Bank and track these critical levels.
Why Buy Before the Budget?
Chance to Gain Early: Stocks often go up before the budget due to positive market sentiment.
Why Buy After the Budget?
Better Deals: If the stock price drops after the budget, you can buy at a lower price.
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