HDFCBANK - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📈 Intraday Trade Analysis – HDFC Bank Ltd. (HDFCBANK) IntraDay Trade Rating: 4.2

HDFCBANK is showing strong technical momentum and is a solid candidate for intraday trading today. With RSI nearing bullish territory, MACD positive, and volume surging well above average, the stock is poised for a potential breakout. However, being near its 52-week high, traders should watch for signs of exhaustion or reversal.

🔍 Technical Snapshot

RSI (58.9) → Bullish zone; strength building.

MACD (12.0) → Positive crossover; confirms upward momentum.

Volume (1.11 Cr vs Avg 78L) → High volume; strong trader interest.

Price above DMA50 (₹1,967) and DMA200 (₹1,836) → Bullish structure.

52W Index: 96.4% → Near yearly high; breakout or reversal zone.

According to The Hindu BusinessLine’s intraday guide, HDFCBANK is in a consolidation phase but may break out above ₹2,030 with a stop-loss at ₹2,010

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💸 Intraday Trade Setup

🔧 Trade Component Suggested Price Zone (₹)

Buy Zone ₹2,020 – ₹2,030

Profit Target ₹2,045 – ₹2,060

Stop-Loss Level Below ₹2,010

📍 Entry near ₹2,022 is ideal if volume remains elevated and RSI trends toward 60+. Look for continuation patterns like bullish flag or rising three methods.

⏱️ If Already Holding Today

Exit for Profit

Target: ₹2,045–₹2,060

Confirmation: RSI > 60, MACD > 13, and volume > 1.2 Cr with strong green candles.

Exit for Loss Protection

Stop-loss: ₹2,010 or if RSI dips below 55 and MACD flattens.

Warning signs: bearish divergence, long upper wicks, or volume fading below 90L.

🧭 Final Takeaway

HDFCBANK is a technically strong intraday candidate today, backed by momentum and volume. Traders should monitor for signs of exhaustion near resistance levels. If you’d like to explore other high-momentum stocks or sector leaders, I can surface a few tickers that are heating up. Just say the word and I’ll scan the radar. 🚀📊

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The Hindu BusinessLine

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