STAROFMARKET ADVICE with MAYANK (SEBI RA) · 1st Sep
HDFC Bank chart attachment fo rlearning purpose
HDFCBANK
₹686–₹632 zone is an important long-term demand/support zone for HDFC Bank.
The zone has historical significance because the stock has previously found strong buying interest around these levels, making it a potential area where buyers could step in again. With the stock currently around ₹709, it is approaching the upper boundary of this demand zone. A sustained move toward ₹686–₹680 followed by bullish reversal price action could indicate accumulation and a potential recovery. The deeper ₹632–₹640 area would be the stronger support within the zone. However, a decisive breakdown below ₹632 would weaken the long-term structure and indicate that the demand zone has failed. chart is attached for learning purpose.