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Technicals for HDFC Bank Limited
By MusingTheNews
2025-10-23 20:31
Overall Technical outlook
Price Summary
HDFC Bank Limited's stock opened at 1016.0 on 2025-10-23, surged to 1020.5, dropped to 1006.0, and ended -0.71% lower at 1008.8, with 43523956 shares traded. The highest price the stock achieved in the past 52 weeks is 2025.8, while the lowest price it saw is 944.5. 39 analysts forecast that the price of HDFCBANK will range from 1016.0 to 1390.0, with an average expected price near 1138.3462.
Technicals
Support and Resistance: The price for HDFCBANK is 1008.8, with support at 965.15 and resistance at 1889.7. This suggests a range where 965.15 acts as a base, preventing declines, and 1889.7 caps gains, defining key trading levels. Support/Resistance for HDFCBANK
Aroon: Aroon's bullish trend remains intact, with Aroon Up at the 100 level. This indicates strong market momentum, but a more comprehensive analysis using other indicators is required to assess the trend's strength and potential for continuation. Aroon chart for HDFC Bank Limited
Bol. Bands: The recent price action for HDFCBANK shows a dip below the upper Bollinger Band, hinting at a possible downward movement. This signal might indicate that the asset is overbought and could be heading for a decline. Traders often view this as a potential reversal point, suggesting that the bullish momentum may be waning, and a correction or pullback could be on the horizon. Bolinger Bands chart for HDFC Bank Limited
Parabolic SAR: The PSAR for HDFCBANK maintains its bullish outlook, setting a strong support level that could underpin further gains. This suggests that the market is likely to continue its upward trajectory, with the established support providing a safety net for ongoing bullish momentum. Parabolic Stop and Reverse chart for HDFC Bank Limited
Stochastic: The K-line has dropped below the D-line on the stochastic indicator while staying above 80, suggesting that a bearish price move may be beginning. This pattern indicates that the market's upward momentum is weakening, potentially leading to a reversal. Investors should stay alert for additional signs of a downturn. Stochastic chart for HDFC Bank Limited
Tripple Moving Agerage: The current reading of the Tripple MOVING AVG indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Tripple SMA chart for HDFC Bank Limited
When analyzing a company, its fundamentals—such as earnings, management efficiency, and strategic initiatives—must be considered alongside technical data. The context of the industry in which the company operates also plays a key role, as market trends and competitive dynamics can significantly impact performance. By taking a comprehensive approach, combining both fundamental and technical analysis, one can gain a deeper understanding of the company's potential for growth or risk.
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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