Will HDFCBANK Bounce Back?

28 thg 1, 2021

Will HDFCBANK Bounce Back?

HDFC Bank Ltd has opened at 1389.90 and made a day high of
1401.30 and due to monthend expiry and profit booking
the script has breaked the support of S1 & S2 of Pivot
and touched the day low of 1342.

At end the trading session, the script has ended up in the
postive note and closes at 1371.45

Whether Tomorrow HDFCBANK will bounce back?

Expected CPR: 1371.65 & 1371.55
Pivot: 1371.60

Support and Resistance:

R1 - 1401.20 S1 - 1341.90
R2 - 1430.90 S2 - 1312.30
R3 - 1490.20 S3 - 1253.00

Trading Idea:

if the script breaks today high and then go for long
Target - 1431

or

if the script breaks today low and then go for short
Target - 1312

Disclaimer: Kindy do your own analysis before executing
the trade.