Technical Analysis HDFC Bank

The stock

is currently in a steep short-term downtrend. After reaching peak levels near 1020 in late 2025 the stock has experienced a massive sharp sell-off. It is currently trading around 822 with the chart showing heavy bearish momentum. The chart highlights a very important historical support line near 788. If you look back at mid-2024 the stock spent time building a base in the 780-800 zone before its major rally. The price is rapidly approaching this support which will be the first major test for buyers to step back in. The fall was so sudden there is a lot of overhead supply now. Any short-term bounce will likely face strong resistance around the psychological 900 mark and further up near 1000. New buyers wait for the price to build a strong base near the 788 support zone instead of trying to catch a falling knife. Holders avoid panic selling at these lower levels but wait for clear consolidation before averaging down existing positions. Technically the chart is very weak right now. It is in a wait and watch phase. The most important thing to monitor over the next few weeks is how the price reacts when it hits that 788-800 support zone. Trying to buy right now is like catching a falling knife it is usually much safer to wait for the stock to stop falling consolidate and show clear signs of a reversal before considering it for any portfolio additions. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.