How to trade HDFC Bank shares after new CEO appointment? Technical indicators still signal weakness

HDFC Bank shares have fallen 28% in 2026, underperforming the Nifty 50, which is down 14% this year. The stock remains under pressure despite a relief rally following the appointment of Anup Bagchi as CEO. Technical analysts see resistance around Rs 755–760, while support lies at Rs 685–680, indicating that the stock may struggle to break through these levels. This weakness could be a concern for investors, as it may limit the stock's potential for growth.

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Technical indicators still signal weakness despite a relief rally following the appointment of Anup Bagchi as CEO. The stock remains under pressure and technical analysts see resistance around Rs 755–770.

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