HDFC Bank stock can dip to Rs 1,500 if breaks this support; key levels here

Quick Summary:

HDFC Bank stock is seen testing the 100-day DMA for the second time in the last seven months; Chart hints towards a bearish bias as long as the stock trades below Rs 1,733.

At the end of the December quarter, HDFC Bank's LDR stood at 99.2 per cent, down from 100.8 per cent at the end of September quarter.

Post this; the stock once again has witnessed a steady decline on the stock exchanges.  ALSO READ: Asian Paints stock down 33% in 3 months; is the worst over?

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Category: BusinessFinance

Markets: India

Topics: Hdfc bank outlook Hdfc bank technical outlook Hdfc bank target price Hdfc bank downside target Hdfc bank stock price Market outlook Trading strategies HDFC Bank share price Technical charts Trading view on hdfc bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-06 @ 13:48:08 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 635 words

Reading Time: 4 minutes read

Sentences: 17 lines

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Copyright Owner: © Business Standard

News ID: 24912901

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