Technical Analysis HDFC Bank Limited.

The stock $HDFCBANK is after consolidating and peaking around the 960–1000 range in mid-to-late 2025 the price witnessed a sharp sell-off starting in early 2026. It is consistently forming lower highs and lower lows indicating that sellers are completely in control of the price action. There is a noticeable surge in red volume bars during the major legs of the decline especially around March/April 2026. The stock is trading at 742.60. Immediate Support the price is hovering right around a critical psychological and historical support zone near 720–740. If this level breaks on a daily closing basis it could trigger further panic selling. Immediate Resistance any minor pullback or relief rally will face strong resistance near the 780–800 zone which previously acted as a minor base before breaking down. For short-term buyers the view is strictly cautious as the current bearish momentum suggests avoiding fresh long positions until the stock breaks out of its lower-high pattern or establishes a solid baseline near the 720–740 support. For existing holders it is highly advisable to closely monitor this structural support zone on a daily closing basis holding is reasonable for those with a long-term horizon due to deep value and an oversold RSI but breaking below 720 could trigger further downside risk.