HDFC BANK - Trend Analysis for Investment

HDFC BANK - Trend Analysis for long term Investors

1. Golden ratio at 1110, It's a golden apportionment for the invertors to accumulate at this level.
2. It's not yet broken the 1st support at 1290.
3. Based on the NIFTY BANK weakness, the upcoming week will be more pressure on this bank.
4. Next support zones are 1275,1175 and 1110 respectively.
5. FII Slightly reduces the percentage of holdings for a couple of quarters, but at below 1100, they will start accumulating.

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