Buy or Sell HDFC Bank Share at Current Market Price
Investors are getting worried about the HDFC Bank share price fall. At the current market price is this a good level to buy hdfcbank share or just to wait for a few more corrections in the share price. Here in this article, we will discuss the support and resistance levels for hdfcbank share.
HDFC Bank share price is trading intraday near about Rs.1430/-, at this price one could accumulate in smaller quantities. The major support for HDFC Bank share is Rs. 1400, following by Rs. 1375. Plan accordingly to buy India’s largest private sector bank shares at the perfect price.
The investor who has purchased HDFC Bank at some higher price can hold or average to bring down the share average price. The above levels are the major support levels for the hdfc bank share price. And the resistance levels would be around Rs.1575 to Rs.1610 in between.
HDFC Bank Q4 Results in 2021 are expected to be good, Net Interest Income (NII) is expected to increase by 15.6 percent Y-o-Y (up 7.7 percent Q-o-Q) to Rs. 17,578.2 crore, according to Prabhudas Lilladher. The brokerage house expects HDFC Bank to report a net profit of Rs. 8,684.7 crore up 25.4% year-on-year (down 0.8% quarter-on-quarter).
