HDFC Bank Analysis

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HDFC Bank Analysis

Current price zone is around ₹765–770 and stock is trying to form a short-term base after heavy correction from highs. Momentum is improving slowly, but stock still needs a strong breakout above resistance for fresh bullish strength.

Bullish Scenario

If stock sustains above ₹782, then upside targets can be:

₹800
₹815
₹830+

A strong Bank Nifty move can support this rally.

Bearish Scenario

If stock breaks below ₹750, then selling pressure may increase toward:

₹735
₹720
₹700 zone

Below ₹720 trend may turn weak again

Summary

Stock is attempting recovery after long correction.
₹750 is very important support.
Breakout above ₹782 can trigger fresh momentum.
Safer for swing traders only after confirmation breakout.

For long-term investors, current zone looks better than chasing at higher prices, but patience may still be needed.

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