HDFC Bank Technical Analysis

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Key Support Levels
₹812–815 – Immediate support
₹807–810 – Strong buying zone
₹800–802 – Major positional support
Key Resistance Levels
₹823–825 – Immediate resistance
₹828–833 – Breakout zone
₹840–845 – Next upside target after breakout

These levels align with multiple technical analyses and current moving average/resistance zones.

Trading Scenarios

Bullish Scenario

Sustained move above ₹825–828 with volume can trigger momentum toward:
₹840
₹850+

Bearish Scenario

A close below ₹812 may lead to:
₹807
₹800
₹793 if selling intensifies
Swing Trading View (1–2 Weeks)
Trend: Bullish above ₹812
Preferred strategy: Buy on dips near support rather than chasing rallies.
Stop-loss: Below ₹800 for swing positions.
Targets: ₹833 → ₹840 → ₹850
Momentum Outlook
Price remains above important moving averages and technical indicators continue to favor buyers, although resistance near ₹828–833 could lead to short-term consolidation before the next move.

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