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The stock of HDFC Bank can see some action as the fourth quarter result is due on Tuesday. It is in a short-term down trend ever since it recorded a high of ₹760.5 on March 25. However, the stock is nearing its crucial support at ₹707. This is the neckline support of the inverted head and shoulder formed on the weekly candle chart. A reversal from this level will have the potential to take the stock to ₹850 and ₹900. Strong results on Tuesday could provide the trigger.
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