HDFCBANK - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.8

Here’s a detailed technical analysis of HDFC Bank Ltd (HDFCBANK)

📈 Trend Analysis

Current Price (₹977) is exactly at the 50-DMA (₹977) and above the 200-DMA (₹936) — indicating a neutral-to-bullish setup.

52-week Index at 80.1% shows the stock is trading near its yearly high (₹1,019), suggesting momentum continuation but with resistance overhead.

Trend Status: Consolidating, with a mild upward bias.

🔍 Momentum Indicators

RSI (53.6): In the neutral zone, indicating balanced momentum — neither overbought nor oversold.

MACD (-4.38): Negative — suggests bearish divergence, though flattening may hint at stabilization.

Volume: At 1.86 Cr, slightly above 1-week average (1.70 Cr) — reflects steady participation, supporting consolidation.

📊 Chart Patterns & Moving Averages

Price is hovering around the 50-DMA, with support from the 200-DMA — a sign of technical indecision.

Support Levels

₹950 (minor swing support)

₹936 (200-DMA)

₹900 (psychological support)

Resistance Levels

₹1,000–₹1,019 (recent highs and psychological resistance)

₹1,050–₹1,080 (gap zone and trendline resistance)

📉 Bollinger Bands

Price is near the middle band, with bands narrowing — a sign of volatility contraction.

Watch for volume breakout and MACD crossover to confirm directional move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 950–965 Near support zone and 200-DMA

Exit (Short-Term) 1,000–1,050 Resistance zone, potential reversal

Stop Loss 930 Below 200-DMA and trendline

🧭 Summary

Trend: Consolidating with mild bullish bias

Momentum: Stabilizing, but not yet strong

Volatility: Low, with breakout potential

Strategy: Accumulate near ₹950–₹965 with target ₹1,000–₹1,050. Watch for RSI climbing above 60 and MACD turning positive for confirmation.

Would you like to compare this setup with other private banks or explore sector rotation strategies within financials?

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