Key Support (Buy-on-Dip) Levels
(Where buyers tend to show up)
₹1,985 – ₹1,986 (S1 – Classic Pivot)
First support zone based on classic pivot calculations
₹1,973 – ₹1,974 (S2 – Fibonacci Pivot)
Stronger cushion in case of deeper pullbacks
₹1,954 – ₹1,955 (S3 – Classic Pivot)
Final buffer zone—breaking it may signal deeper weakness
🚧 Key Resistance (Profit-Taking) Levels
(Where selling might appear)
₹2,015 – ₹2,016 (R1 – Classic/Fibonacci Pivot)
Immediate resistance and possible profit-booking zone
₹2,033 – ₹2,034 (R2 – Classic/Fibonacci Pivot)
Next hurdle; be prepared to take partial profits
₹2,045 (R3 – Classic Pivot)
A stronger resistance zone; breaking it could signal fresh upside
🎯 Action Tips
Buying: Enter around ₹1,985, and add at ₹1,973 if dip deepens. Use ₹1,954 as a stop-loss trigger.
Selling (Profit Booking): Trim part of your position near ₹2,015, and more near ₹2,033–₹2,045 if momentum slows.
Breakout Strategy: A clean daily close above ₹2,045 with volume may trigger fresh upside moves.
Risk Control: If price dives below ₹1,954, re-evaluate—broader market risk may be rising.
🧠 Why These Levels Matter
Pivot levels are watched closely by traders and algorithms, making them natural turning points in daily price action
HDFC Bank’s technical signals are currently neutral to slightly bearish, making dip-buying near supports more advantageous than chasing highs .
✅ Final Word (Plain Language)
Look to buy dips in the ₹1,985–1,974 range with a tight stop below ₹1,954.
Take profits around ₹2,015 and ₹2,033–₹2,045 based on your risk appetite.
Watch closely above ₹2,045—that’s your breakout level for potential new highs
(Where buyers tend to show up)
₹1,985 – ₹1,986 (S1 – Classic Pivot)
First support zone based on classic pivot calculations
₹1,973 – ₹1,974 (S2 – Fibonacci Pivot)
Stronger cushion in case of deeper pullbacks
₹1,954 – ₹1,955 (S3 – Classic Pivot)
Final buffer zone—breaking it may signal deeper weakness
🚧 Key Resistance (Profit-Taking) Levels
(Where selling might appear)
₹2,015 – ₹2,016 (R1 – Classic/Fibonacci Pivot)
Immediate resistance and possible profit-booking zone
₹2,033 – ₹2,034 (R2 – Classic/Fibonacci Pivot)
Next hurdle; be prepared to take partial profits
₹2,045 (R3 – Classic Pivot)
A stronger resistance zone; breaking it could signal fresh upside
🎯 Action Tips
Buying: Enter around ₹1,985, and add at ₹1,973 if dip deepens. Use ₹1,954 as a stop-loss trigger.
Selling (Profit Booking): Trim part of your position near ₹2,015, and more near ₹2,033–₹2,045 if momentum slows.
Breakout Strategy: A clean daily close above ₹2,045 with volume may trigger fresh upside moves.
Risk Control: If price dives below ₹1,954, re-evaluate—broader market risk may be rising.
🧠 Why These Levels Matter
Pivot levels are watched closely by traders and algorithms, making them natural turning points in daily price action
HDFC Bank’s technical signals are currently neutral to slightly bearish, making dip-buying near supports more advantageous than chasing highs .
✅ Final Word (Plain Language)
Look to buy dips in the ₹1,985–1,974 range with a tight stop below ₹1,954.
Take profits around ₹2,015 and ₹2,033–₹2,045 based on your risk appetite.
Watch closely above ₹2,045—that’s your breakout level for potential new highs
Hello Guys ..
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Hello Guys ..
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.