HDFC Bank – Bullish Continuation Setup Near ₹805 ZoneHDFC Bank LimitedNSE:HDFCBANKnandupkThe price has shown a steady recovery from recent lows and is currently trading around the ₹800–₹805 zone. After reclaiming key support levels, the stock is consolidating just below resistance, indicating accumulation and the potential for a bullish continuation if buying momentum persists. The key demand/support zone lies near ₹772 – ₹790, which can act as a strong base on pullbacks. Trade Plan Entry Zone: ₹795 – ₹805 (on consolidation or a sustained breakout above ₹805) Stop Loss: ₹772.65 (below key demand zone / invalidation level) Primary Targets: ₹831.70 (near-term resistance level) ₹879.35 (major resistance level) ₹925.70 – ₹926.85 (extended target if momentum continues) Chart Observations • Price has recovered from the recent correction and is forming higher highs and higher lows. • The ₹772 – ₹790 zone is acting as a strong demand area and recent support. • Current price action around ₹800–₹805 indicates consolidation before a potential breakout. • ₹831.70 is the immediate resistance where price may witness initial profit booking. • A breakout above ₹831.70 can open the path toward ₹879.35 and eventually ₹925.70–₹926.85. • The overall trend remains bullish as long as price holds above the support zone. Notes • This is a bullish continuation setup with a favorable risk-reward profile. • The stop loss at ₹772.65 helps manage downside risk effectively. • Traders may consider partial profit booking near ₹831.70 and trail the remaining position toward higher targets. • A sustained close above ₹805 would further strengthen the bullish outlook. Disclaimer This idea is for educational purposes only and not financial or investment advice. Markets are volatile and conditions can change quickly. Always do your own analysis and apply proper risk management before taking any trades.