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Technicals for HDFC Bank Limited
By MusingTheNews
2025-12-15 20:37
Overall Technical outlook
Price Summary
On 2025-12-15, HDFC Bank Limited's stock opened at 992.0, reached a high of 1001.8, dropped to a low of 992.0, and closed up 0.41% at 996.1, with a trading volume of 9788552 shares. Over the past 52 weeks, the stock reached a maximum price of 2025.8 and a minimum price of 944.5. The projected price range for HDFC Bank Limited is between 1046.0 and 1400.0, with an expected mean price of 1164.2821, according to 39 analysts.
Technicals
Support and Resistance: At 996.1, the price for HDFCBANK is supported at 982.5 and resisted at 1003.9. This indicates a trading range where 982.5 serves as a support level, potentially preventing further decline, while 1003.9 could limit upward movement. Support/Resistance for HDFCBANK
Aroon: The current state of the AROON is neutral for HDFCBANK, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Aroon chart for HDFC Bank Limited
Bol. Bands: The current reading of the BOLL BANDS 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. Bolinger Bands chart for HDFC Bank Limited
Parabolic SAR: The PSAR for HDFCBANK remains bearish, establishing a key resistance level that could hinder upward movement. This ongoing bearish outlook suggests that the market may face challenges in breaking higher, with the resistance level acting as a barrier to potential gains. Parabolic Stop and Reverse chart for HDFC Bank Limited
Stochastic: The current reading of the STOCHASTIC is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Stochastic chart for HDFC Bank Limited
Tripple Moving Agerage: The current reading of the Tripple MOVING AVG is neutral for HDFCBANK, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. Tripple SMA chart for HDFC Bank Limited
In order to draw meaningful inferences from a company's technical data, it is essential to first consider its fundamentals. This includes reviewing financial metrics like revenue, profit margins, and debt-to-equity ratios. Additionally, understanding the broader industry landscape, including market trends and competitive pressures, is crucial. By integrating these insights with the company's technical performance, such as stock price fluctuations and trading volume, one can make more informed investment decisions.
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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