HDFC BANK (CMP: 642):
Stock to remain in uptrend till
it sustains 610/15 levels. Any Volume Breakdown and weekly close below
the same can be a signal of end of uptrend and stock can tank in 3
corrective wave pattern. In such case initial correction can be seen up
to 515/55 band where stock is likely to meed important support.
Upside remains capped until it trades below 680/85
levels. In other wards, stock to remain under pressure and can't see any
upside and test all time high until it trades below said mark.
IMPORTANT SUPPORT ZONES: 610/15--515/55--395
MAJOR RESISTANCES: 680/85--705/20--775