$HDFCBANK HDFC Bank has been witnessing a strong corrective phase, but the stock is currently attempting to form a base near the ₹720–₹740 support zone, indicating buying interest at lower levels. A breakout above the immediate resistance zone of ₹780–₹800 could trigger a relief rally, while sustaining below ₹720 may extend the bearish trend. The emerging higher-low formation near support suggests that momentum is gradually improving, making the current zone crucial for determining the next directional move.