HDFC Bank Limited
Largo

HDFCBANK 4Hour Time frame

29
📊 Current Snapshot

Current Price: ₹967.95

Day’s Range: ₹959.90 – ₹968.90

Previous Close: ₹965.90

Opening Price (4H): ₹960.30

Volume: Approximately 7.2 million shares

📈 Trend & Indicators

Trend: Neutral to mildly bullish; trading near short-term resistance.

RSI (14): Neutral zone.

MACD: Positive → indicating mild bullish momentum.

Moving Averages: Short-term averages indicate neutral to slightly bullish outlook.

🔮 Outlook

Bullish Scenario: Break above ₹968.90 with strong volume could target ₹975.00.

Bearish Scenario: Drop below ₹960.00 may lead to further decline toward ₹950.00.

Neutral Scenario: Consolidation between ₹960.00 – ₹968.90; breakout needed for directional move.

📌 Key Factors to Watch

Economic Indicators: Interest rates, inflation, and RBI policy updates.

Sector Performance: Trends in the banking sector.

Global Cues: Global market trends, US indices, crude oil, and currency movements.

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