HDFC – Trade Setup & Key Levels

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HDFC – Trade Setup & Key LevelsHDFC Bank LimitedNSE:HDFCBANKMarxBabu🏦 HDFC – Trade Setup & Key Levels πŸ“Š Analyzing HDFC on current chart structure with clear entry, exit, stop loss, support, and resistance zones. πŸ“Œ **Entry Price (Long):** 973.40 πŸ”‘ Key Levels to Watch: πŸ”Ή **Exit Target:** +6.1% β†’ 1032.80 πŸ”Ή **Stop Loss:** -4.6% β†’ 928.60 πŸ”Ή **Support Zone:** -7.3% β†’ 902.35 πŸ”Ή **Resistance Zone:** +10.9% β†’ 1079.50 HDFC is trading close to its support area. Entry is positioned at 973.40, with a favorable risk-to-reward ratio targeting 1032.80 first. Resistance remains higher at 1079.50, while downside risk is capped by the stop loss at 928.60. **Bullish View:** If momentum sustains above 973.40, price can aim for 1032.80 and later 1079.50. **Bearish View:** Breakdown below 928.60 may drag price lower toward 902.35 support. ⚠️ **Note:** If 928.60 breaks, expect further downside risk. ⚠️ πŸ”” **Be sure to follow updated ideas for HDFC!** πŸ”” ⏰ **Timeframe:** Daily & 4H chart-based analysis. βš–οΈ **Always apply a Stop Loss** to protect capital. πŸ’‘ **This is just my trading idea β€” follow your own strategy.** βœ… Don’t forget to hit the 'Like' βœ… πŸ™πŸ˜Š & Share with fellow traders if this setup helps!