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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.