HDFCBANK 1D Time frame

Current Market Snapshot

Current Price: ₹954.05

Opening Price: ₹945.10

Day's Range: ₹939.10 – ₹953.00

Previous Close: ₹945.05

🔑 Technical Indicators

Relative Strength Index (RSI): 35.08 – indicating a neutral to bearish condition.

Moving Average Convergence Divergence (MACD): -6.02 – suggesting bearish momentum.

Moving Averages: Trading below the 50-day and 200-day moving averages, indicating a bearish trend.

📈 Key Support & Resistance Levels

Immediate Support: ₹939

Immediate Resistance: ₹953

Pivot Point: ₹946

📉 Market Sentiment

Trend: The stock is trading below its 50-day and 200-day moving averages, indicating a bearish trend.

Volume: Trading volume is higher than average, suggesting increased investor activity.

📈 Strategy (1D Timeframe)
1. Bullish Scenario

Entry: Above ₹953

Stop-Loss: ₹939

Target: ₹960 → ₹965

2. Bearish Scenario

Entry: Below ₹939

Stop-Loss: ₹953

Target: ₹930 → ₹925

⚠️ Risk Management

Limit risk to 1% of capital per trade.

Always use stop-loss to protect against unexpected market movements.

Monitor broader market trends and sector-specific news that may impact stock performance.