HDFCBANK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | HDFCBANK | Market Cap | 12,96,700 Cr. | Current Price | 843 ₹ | High / Low | 1,020 ₹ |
| Stock P/E | 17.8 | Book Value | 350 ₹ | Dividend Yield | 1.30 % | ROCE | 7.35 % |
| ROE | 14.3 % | Face Value | 1.00 ₹ | DMA 50 | 904 ₹ | DMA 200 | 940 ₹ |
| Chg in FII Hold | -0.71 % | Chg in DII Hold | 0.93 % | PAT Qtr | 18,654 Cr. | PAT Prev Qtr | 18,641 Cr. |
| RSI | 36.2 | MACD | -24.4 | Volume | 2,46,08,133 | Avg Vol 1Wk | 4,19,21,684 |
| Low price | 812 ₹ | High price | 1,020 ₹ | PEG Ratio | 0.80 | Debt to equity | 6.28 |
| 52w Index | 14.8 % | Qtr Profit Var | 11.5 % | EPS | 47.6 ₹ | Industry PE | 14.8 |
📊 Chart & Trend Analysis: HDFCBANK is trading at ₹843, below both its 50 DMA (₹904) and 200 DMA (₹940), reflecting persistent weakness. RSI at 36.2 indicates oversold conditions, while MACD at -24.4 confirms bearish momentum. Bollinger Bands show price near the lower band, suggesting selling pressure. Volume is lower than the weekly average, pointing to reduced participation.
📈 Momentum Signals: Short-term momentum is weak, but oversold RSI hints at a possible rebound. MACD remains negative, confirming bearish sentiment. Consolidation may occur near current levels before a reversal attempt.
💹 Entry & Exit Zones:
- Optimal Entry: ₹820–₹835 (near support, oversold RSI)
- Stop-Loss: ₹812 (recent low)
- Exit Zone: ₹900–₹920 (near 50 DMA resistance)
- Major Resistance: ₹940 (200 DMA)
📉 Trend Status: The stock is consolidating with bearish bias, but oversold RSI suggests potential short-term reversal if support levels hold.
Positive
- Strong market cap of ₹12,96,700 Cr. ensures stability.
- EPS of ₹47.6 reflects consistent earnings power.
- Quarterly PAT steady at ₹18,654 Cr., showing resilience.
- PEG ratio of 0.80 indicates attractive valuation relative to growth.
Limitation
- ROCE at 7.35% is relatively weak compared to peers.
- Debt-to-equity ratio of 6.28 is high, reflecting leveraged balance sheet.
- Price trading below both 50 DMA and 200 DMA shows weak technical strength.
Company Negative News
- Decline in FII holding (-0.71%) shows reduced foreign investor confidence.
- Stock corrected from its 52-week high of ₹1,020, indicating selling pressure.
Company Positive News
- DII holdings increased (+0.93%), showing domestic institutional support.
- Quarterly profit variation of 11.5% reflects operational improvement.
Industry
- Banking sector faces margin pressures but benefits from credit growth.
- Industry PE at 14.8 highlights relatively cheaper peers compared to HDFCBANK’s P/E of 17.8.
Conclusion
⚖️ HDFCBANK is technically weak but fundamentally stable, with strong earnings and scale. Current price action suggests consolidation with bearish bias. Traders may consider accumulating near ₹820–₹835 with strict stop-loss at ₹812, targeting ₹900–₹920 in the short term. Long-term investors should monitor debt levels and wait for valuations closer to industry PE for better margin of safety.
Would you like me to extend this into a basket overlay with peer benchmarking (ICICI Bank, Axis Bank, Kotak Bank) so you can evaluate sector rotation opportunities alongside HDFCBANK?