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(HDFCBANK) Hdfc Bank complete technical analysis [charts+indicators] | Buy/Sell Hdfc Bank | (HDFCBANK) share price targets

Complete technical analysis of Hdfc Bank (HDFCBANK) by charts plus indicators, forecast predictions and share price targets for Hdfc Bank (HDFCBANK)

Hdfc Bank trades in NSE in Banks sector.

Showing technical analysis as on 2024-05-17 View latest technical analysis

10 day averaged volume of Hdfc Bank is 16548728

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri May 2024	1464.10	1446.20	1468.00	1446.20	0.632 times
16 Thu May 2024	1460.25	1446.05	1462.55	1435.50	1.056 times
15 Wed May 2024	1438.50	1459.70	1459.70	1435.80	1.176 times
14 Tue May 2024	1460.95	1452.25	1465.50	1450.30	0.775 times
13 Mon May 2024	1455.25	1432.00	1459.80	1430.30	0.817 times
10 Fri May 2024	1437.90	1439.00	1451.95	1426.80	0.824 times
09 Thu May 2024	1447.50	1474.95	1486.75	1445.30	1.398 times
08 Wed May 2024	1482.65	1495.95	1496.95	1480.35	1.26 times
07 Tue May 2024	1506.15	1521.95	1524.05	1504.15	0.861 times
06 Mon May 2024	1522.65	1522.00	1534.50	1517.15	0.87 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1460.7 as stoploss in an intra day buy trade for a target of 1493.04. However, stock will show a bearish move below 1460.7.

Share price targets for Hdfc Bank (HDFCBANK)

Target Type	Value
Downside Target	1363.55
Upside Target	1503.25
Upside Target	1506.55
Upside Target	1534.50
Upside Target	1534.95
Upside Target	1540.60
Upside Target	1557.40
Upside Target	1709.15

Intraday share price targets for Hdfc Bank (HDFCBANK)

Target Type	Value
Downside Intraday Target	1440.27
Downside Intraday Target	1416.43
Upside Intraday Target	1477.97
Upside Intraday Target	1491.83
Downside Intraday Target	1454.13

Weekly technical analysis of Hdfc Bank (HDFCBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri May 2024	1464.10	1432.00	1468.00	1430.30	0.855 times
10 Fri May 2024	1437.90	1522.00	1534.50	1426.80	1.122 times
03 Fri May 2024	1519.60	1515.00	1540.60	1506.55	1.012 times
26 Fri Apr 2024	1509.80	1557.40	1557.40	1503.25	1.344 times
19 Fri Apr 2024	1531.30	1497.55	1534.95	1480.25	1.015 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Hdfc Bank (HDFCBANK)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Fri May 2024	1464.10	1522.00	1540.60	1426.80	0.532 times
30 Tue Apr 2024	1520.10	1458.00	1557.40	1455.60	0.781 times
28 Thu Mar 2024	1447.90	1400.00	1471.60	1400.00	0.981 times
29 Thu Feb 2024	1403.40	1465.05	1480.85	1363.55	0.774 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Hdfc Bank (HDFCBANK)

Price action analysis of Hdfc Bank ( (HDFCBANK) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Hdfc Bank ( (HDFCBANK) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Hdfc Bank ( (HDFCBANK) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Hdfc Bank ( (HDFCBANK) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Hdfc Bank stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Hdfc Bank in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Hdfc Bank Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Hdfc Bank in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Hdfc Bank is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1466.36 and Hdfc Bank (HDFCBANK) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Hdfc Bank (HDFCBANK) stock. Volume based technical analysis of Hdfc Bank (HDFCBANK) stock is negative.

Hdfc Bank Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.