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Umang Bhutada

23rd Mar · SEBI-Registered Analyst

HDFC Bank Ltd – 1W

HDFCBANK
Trend: Clear breakdown from range with strong bearish momentum. Support & Resistance: Support – 756 / 681 Resistance – 909 / 940 Expected Move: Weak structure below 900. Any pullback towards resistance likely to face selling pressure unless strong reversal seen. Fundamentals (Brief): India’s largest private bank with strong asset quality and stable growth, but currently under short-term pressure. Verdict: Short-term bearish, avoid chasing until stability or reversal signs appear.

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