HDFC Bank Ltd // 4hour Support and Resistance

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As of May 8, 2025, here are the key 4-hour support and resistance levels for HDFC Bank Ltd (NSE: HDFCBANK), based on recent technical analyses and pivot point calculations:

📊 Key Support & Resistance Levels
Immediate Support: ₹1,891.80
Immediate Resistance: ₹1,933.00

Current Market Price (CMP): ₹1,917.70

A sustained move above ₹1,933 may open room for further upside, potentially towards the ₹1,960–₹1,980 range, as per chart projections.

🔁 Pivot Point Levels (Daily)
Pivot Type Support Levels Resistance Levels
Classic S1: ₹1,938.90<br>S2: ₹1,929.10<br>S3: ₹1,912.60 R1: ₹1,965.20<br>R2: ₹1,981.70<br>R3: ₹1,991.50
Fibonacci S1: ₹1,938.90<br>S2: ₹1,928.85<br>S3: ₹1,912.60 R1: ₹1,955.15<br>R2: ₹1,965.20<br>R3: ₹1,981.70
Camarilla S1: ₹1,943.19<br>S2: ₹1,940.78<br>S3: ₹1,938.37 R1: ₹1,948.01<br>R2: ₹1,950.42<br>R3: ₹1,952.83
Woodie S1: ₹1,940.57<br>S2: ₹1,932.45 R1: ₹1,958.75<br>R2: ₹1,966.87
Demark S1: ₹1,934.00 R1: ₹1,960.30

📈 Technical Indicators
Relative Strength Index (RSI): 72.46 (Strong Uptrend)

Stochastic RSI: 0.92 (Strong Uptrend)

Commodity Channel Index (CCI): 130.18 (Strong Uptrend)

Money Flow Index (MFI): 86.61 (Strong Uptrend)

These indicators suggest a strong bullish momentum, indicating potential upward movement if buying interest continues.

📌 Trading Insights
Bullish Scenario: A decisive breakout above ₹1,933 could lead to a rally towards ₹1,960–₹1,980.

Bearish Scenario: If the price falls below ₹1,891.80, it may test lower support levels around ₹1,870.69.

Neutral Zone: The area between ₹1,891.80 and ₹1,933 is critical; price action within this range may indicate consolidation before the next significant move.

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