HDFCBANK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | HDFCBANK | Market Cap | 11,67,662 Cr. | Current Price | 758 ₹ | High / Low | 1,020 ₹ |
| Stock P/E | 15.6 | Book Value | 363 ₹ | Dividend Yield | 1.71 % | ROCE | 6.92 % |
| ROE | 14.1 % | Face Value | 1.00 ₹ | DMA 50 | 797 ₹ | DMA 200 | 881 ₹ |
| Chg in FII Hold | -3.62 % | Chg in DII Hold | 3.14 % | PAT Qtr | 19,221 Cr. | PAT Prev Qtr | 18,654 Cr. |
| RSI | 43.2 | MACD | -6.67 | Volume | 6,85,74,015 | Avg Vol 1Wk | 3,86,08,605 |
| Low price | 727 ₹ | High price | 1,020 ₹ | PEG Ratio | 0.82 | Debt to equity | 6.44 |
| 52w Index | 10.8 % | Qtr Profit Var | 9.11 % | EPS | 48.5 ₹ | Industry PE | 14.8 |
📈 Chart Patterns: HDFCBANK is trading near its support zone (₹727–₹758). The broader structure shows weakness with repeated failures to cross resistance at ₹797 (DMA 50).
📊 Moving Averages: Current price (₹758) is below both DMA 50 (₹797) and DMA 200 (₹881), confirming bearish momentum.
📉 RSI: At 43.2, RSI is weak but not yet oversold, suggesting limited upside potential in the short term.
📉 MACD: Negative at -6.67, showing bearish crossover and continuation of downward momentum.
📉 Bollinger Bands: Price is near the lower band, indicating oversold conditions but also risk of breakdown if support fails.
📊 Volume Trends: Current volume (6.85 Cr.) is significantly higher than average weekly volume (3.86 Cr.), suggesting strong selling pressure and heightened volatility.
⚡ Short-Term Momentum Signals: Bearish bias with weak momentum. A rebound may occur only if price sustains above ₹797.
🎯 Entry Zone: ₹727–₹758 (support region).
🎯 Exit Zone: ₹797–₹820 (resistance at DMA 50).
🔀 Trend Status: Consolidating with bearish undertone; reversal possible only if price sustains above ₹797.
Positive
- Strong EPS of ₹48.5 supports long-term earnings visibility.
- Quarterly PAT growth of 9.11% shows steady profitability.
- DII holdings increased (+3.14%), showing domestic investor confidence.
Limitation
- Price trading below DMA 50 and DMA 200 signals weakness.
- ROCE at 6.92% is relatively low compared to peers.
- High debt-to-equity ratio (6.44) adds financial risk.
Company Negative News
- FII holdings declined (-3.62%), showing reduced foreign investor confidence.
- Weak technical setup with RSI and MACD showing bearish signals.
Company Positive News
- Quarterly PAT improved from ₹18,654 Cr. to ₹19,221 Cr.
- Dividend yield of 1.71% provides steady income.
- Strong domestic support with increased DII holdings.
Industry
- Industry PE at 14.8 vs. HDFCBANK PE at 15.6 indicates fair valuation.
- Banking sector remains under pressure due to credit growth concerns but benefits from rising retail lending demand.
Conclusion
HDFCBANK is consolidating with bearish undertones. Short-term traders may consider entry around ₹727–₹758 with exit near ₹797–₹820. Long-term investors should monitor debt levels and foreign investor sentiment before fresh accumulation.
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