Financial Update-16

 

Name

Open

High

Low

Close

HDFC

1,732.20              

1,751.00

1,732.20

1,743.95

Bank of Baroda

210.00

213.99

209.42

213.6

SBI

739.60

749.30

739.10

745.05





TECHNICAL UPDATE:

HDFC has broken out of its sideways trend and is currently exhibiting an uptrend. The price has shown strong respect for its support level at 1683.05, maintaining a consistent upward movement over the past five days. Additionally, it is respecting its 200 EMA on the 15-minute chart. Although it attempted to break its resistance around the 1750.00 price range, significant selling pressure emerged during the post-market session, preventing a successful breakout.

BOB is also demonstrating an uptrend following a prolonged downtrend. The price respected its support level at 204.21, resulting in a strong rebound. On the 15-minute chart, BOB successfully broke its resistance at 207.90 and closed the session at 213.64, further confirming its bullish momentum.

SBI, after an extended downtrend, is showing initial signs of an uptrend. However, I remain cautious about its upward movement until it convincingly surpasses the 750 price range, which will serve as a strong confirmation of a trend reversal.

 

News Update: HDFC Bank Now Accepting Deposits Under Senior Citizens' Savings Scheme

HDFC Bank has announced that it is now accepting deposits under the Senior Citizens' Savings Scheme (SCSS), offering a secure and attractive investment option for individuals aged 60 and above. This move provides senior citizens with an opportunity to earn guaranteed returns, ensuring financial stability in their retirement years. With competitive interest rates and flexible tenure options, the SCSS remains a popular choice among retirees seeking reliable income. HDFC Bank's participation in the scheme further enhances accessibility, making it easier for seniors to manage and grow their savings effectively. For more details, click here.

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