HDFCBANK HDFC Bank Ltd view for Intraday 6th Jan #HDFCBANK Resistance 1765 Watching above 1767 for upside movement... Support area 1740 Below 1750 ignoring upside momentum for intraday Support 1740 Watching below 1737 or downside movement... Resistance area 1765 Above 1750 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and ris
R1: ₹1,797 R2: ₹1,812 R3: ₹1,830 These levels suggest that if the stock price falls below the immediate support at ₹1,765, it may find the next support at ₹1,746. Conversely, if the price rises above the immediate resistance at ₹1,797, it could encounter the next resistance at ₹1,812.
Additionally, the stock is testing support at ₹1,770. A downward breakthrough of this level could signal a negative trend.
Please note that stock prices are subject to market volatility, and it's advisable to consult financial advisors or use real-time trading platforms for the most current information.
As of January 1, 2025, HDFC Bank Limited (NSE: HDFCBANK) is trading at ₹1,773.42.
Support and Resistance Levels:
Daily Support Levels:
Support 1: ₹1,769.23 Support 2: ₹1,757.22 Support 3: ₹1,748.83 Daily Resistance Levels:
Resistance 1: ₹1,785.43 Resistance 2: ₹1,789.62 Resistance 3: ₹1,797.43 These levels are derived from pivot point calculations and are crucial for traders to monitor, as movements beyond these points may indicate potential changes in the stock's trend.
As of December 26, 2024, HDFC Bank's stock (HDFCBANK) closed at ₹1,798.10. The stock has been trading below its 52-week high of ₹1,880.00, reached on December 9, 2024.
Technical analysis indicates the following support and resistance levels:
Support Levels:
₹1,777 ₹1,763 ₹1,746 Resistance Levels:
₹1,808 ₹1,826 ₹1,840 These levels suggest that if the stock price declines, it may find support around ₹1,746 to ₹1,777. Conversely, upward movements may encounter resistance between ₹1,808 and ₹1,840.
Additionally, pivot point analysis provides the following levels:
Pivot: ₹1,802.83 Support 1 (S1): ₹1,735.72 Resistance 1 (R1): ₹1,838.62 These pivot points can serve as additional indicators for potential price movements.
It's important to note that trading volumes have been below the 50-day average, which may influence price volatility. For instance, on December 26, 2024, the trading volume was 5,240,839 shares.
Please remember that stock prices are influenced by various factors, and past performance does not guarantee future results. It's advisable to conduct thorough research or consult a financial advisor before making investment decisions.
As of December 26, 2024, HDFC Bank Limited (HDFCBANK) is trading at ₹1,809.30. For intraday trading, the following support and resistance levels have been identified:
These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's