HDFCBANK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | HDFCBANK | Market Cap | 14,18,670 Cr. | Current Price | 922 ₹ | High / Low | 1,020 ₹ |
| Stock P/E | 19.4 | Book Value | 350 ₹ | Dividend Yield | 1.19 % | ROCE | 7.35 % |
| ROE | 14.3 % | Face Value | 1.00 ₹ | DMA 50 | 961 ₹ | DMA 200 | 959 ₹ |
| Chg in FII Hold | -0.71 % | Chg in DII Hold | 0.93 % | PAT Qtr | 18,654 Cr. | PAT Prev Qtr | 18,641 Cr. |
| RSI | 34.3 | MACD | -14.4 | Volume | 1,05,34,218 | Avg Vol 1Wk | 3,27,01,847 |
| Low price | 831 ₹ | High price | 1,020 ₹ | PEG Ratio | 0.88 | Debt to equity | 6.28 |
| 52w Index | 48.2 % | Qtr Profit Var | 11.5 % | EPS | 47.6 ₹ | Industry PE | 15.8 |
📊 Chart & Trend Analysis: HDFCBANK is trading at ₹922, below both its 50 DMA (₹961) and 200 DMA (₹959), indicating short-term weakness. RSI at 34.3 suggests the stock is nearing oversold territory. MACD at -14.4 confirms bearish momentum. Volume (1.05 Cr.) is significantly lower than the weekly average (3.27 Cr.), showing weak participation. Bollinger Bands indicate price drifting towards the lower band, reinforcing bearish consolidation.
📈 Momentum Signals: Short-term momentum is negative, with RSI near oversold and MACD bearish crossover. Weak volume further confirms lack of buying strength.
🎯 Entry Zone: ₹900 – ₹915 (near immediate support)
🚪 Exit Zone: ₹960 – ₹980 (near resistance at 50 DMA)
🔎 Trend Status: Consolidating with bearish bias. Sustained trade below ₹900 could trigger reversal towards ₹870–₹850, while recovery above ₹960 may signal trend reversal to bullish.
Positive
- Strong market capitalization of ₹14,18,670 Cr. ensures stability.
- EPS of ₹47.6 reflects consistent earnings power.
- PEG ratio of 0.88 indicates reasonable valuation relative to growth.
- Quarterly PAT growth (₹18,654 Cr. vs ₹18,641 Cr.) shows steady performance.
Limitation
- Stock trading below both 50 DMA and 200 DMA signals weakness.
- Low ROCE (7.35%) compared to peers indicates efficiency concerns.
- High debt-to-equity ratio (6.28) raises leverage risks.
- Weak trading volume reduces conviction in recovery moves.
Company Negative News
- Decline in FII holding (-0.71%) signals reduced foreign investor confidence.
Company Positive News
- Increase in DII holding (+0.93%) reflects strong domestic institutional support.
- Quarterly profit variation of 11.5% shows healthy earnings growth.
Industry
- Banking sector remains crucial for credit growth and financial stability.
- Industry P/E at 15.8 highlights moderate sector valuation compared to HDFCBANK’s premium.
Conclusion
⚖️ HDFCBANK is consolidating with a bearish bias. Entry near ₹900–₹915 offers cautious accumulation, while exits near ₹960–₹980 provide short-term profit booking. Strong fundamentals support long-term holding, but current technical weakness, high leverage, and weak volume warrant patience for better entry opportunities.
Would you like me to extend this into a peer benchmarking overlay (ICICI Bank, Axis Bank, Kotak Bank) so you can compare HDFCBANK’s relative strength within the banking basket?