HDFC Bank — Weekly Analysis

754
Current Price : 735.60
🔴 Triple-top breakdown + Inverted Flag & Pole structure visible.
Price is below 0.382 Fib ₹771.75 → resistance.
₹695 (0.50 Fib) is the key support.
🔻 Below ₹695 → ₹618 → ₹589 → ₹509
🔼 Reclaim above ₹772 → bearish setup weakens; ₹867 becomes next resistance.

Key view: Structure remains bearish below ₹772, with ₹695 as the crucial breakdown level. Wait for a weekly close below ₹695 + retest for stronger downside confirmation.

Bank Nifty: Sustained HDFC Bank weakness can add downward pressure, while recovery above ₹772 can reduce that pressure.

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