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Technicals for HDFC Bank Limited
By MusingTheNews
2025-07-16 20:36
Overall Technical outlook
Price Summary
On 2025-07-16, HDFCBANK's stock started at 2018.0, reached a high of 2022.7, fell to 1992.6, and ended -1.08% lower at 1996.3, with 8995067 shares traded. Over the past year, the stock's highest price was 2021.8, and its lowest was 1601.2. As per recommendations from 41 analysts, HDFCBANK's future price is expected to span between 1627.0 and 2770.0, with a mean price around 2188.366.
Technicals
Support and Resistance: At 1996.3, the price for HDFCBANK is supported at 1978.7 and resisted at 2021.8. This indicates a trading range where 1978.7 serves as a support level, potentially preventing further decline, while 2021.8 could limit upward movement. Support/Resistance for HDFCBANK
Aroon: The current state of the AROON is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty. Aroon chart for HDFC Bank Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for HDFCBANK, with no strong trend emerging. Bolinger Bands chart for HDFC Bank Limited
Parabolic SAR: The PSAR remains bullish, setting a strong support level that could underpin further upward movement. This persistent bullish outlook suggests that the market may continue its positive trajectory, with the established support acting as a safety net. Parabolic Stop and Reverse chart for HDFC Bank Limited
Stochastic: The STOCHASTIC is showing a neutral stance, not indicating a clear upward or downward trend for HDFC Bank Limited. This suggests a period of market balance, where neither side is showing dominance. Stochastic chart for HDFC Bank Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages points to a bearish trend for HDFC Bank Limited, but the wavering slopes of the 20 and 50 SMAs indicate that this momentum may be weakening. This loss of strength could be a sign that the market is approaching a turning point, with the possibility of a bullish reversal on the horizon. Investors should watch for signs of a trend change as the current downtrend starts to fade. Tripple SMA chart for HDFC Bank Limited
When evaluating a company, it is crucial to examine its fundamentals, including its financial statements, management structure, and market position. Additionally, understanding the broader industry trends, competition, and regulatory landscape helps to create a well-rounded view. By assessing both the company's internal factors and the external environment in which it operates, you can extract more valuable insights from its technical performance, such as stock price movements and trading patterns.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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