HDFCBANK 1D Time frame

Trend

Trading around ₹967 – ₹970.

Stock is in a consolidation phase for the past few months.

Long-term trend is intact since it is above the 200-day moving average.

Support Levels

₹960 – ₹965 → immediate support zone.

₹945 – ₹950 → stronger support; if this breaks, stock may weaken further.

Resistance Levels

₹970 – ₹975 → immediate resistance; stock is struggling to cross this area.

₹980 – ₹992 → next major resistance; breakout above this could open path to ₹1,020.

Indicators

RSI near 55 → neutral to mildly bullish, not overbought.

MACD positive, showing some upward momentum.

Short-term moving averages are mixed, but long-term support remains strong.

Price Action

Range-bound between ₹960 – ₹975.

Breakout or breakdown from this range will decide the next trend.

✅ Facts & Insights

Fact 1: Above ₹975, HDFC Bank can rally towards ₹980 – ₹992 and possibly ₹1,020.

Fact 2: Below ₹960, stock may slip to ₹945 – ₹950, and deeper to ₹920 – ₹900 if weakness continues.

Fact 3: Long-term outlook remains positive, but short-term is sideways until a breakout.