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Technicals for HDFC Bank Limited
By MusingTheNews
2025-10-17 20:37
Overall Technical outlook
Price Summary
HDFC Bank Limited's stock started the year at 993.95, climbed to a high of 1009.0, fell to 986.0, and closed 0.87% higher at 1002.55, with 25208637 shares traded on 2025-10-17. In the past year, the highest stock price was 2025.8, and the lowest was 944.5. 39 analysts predict that the future price of HDFCBANK will be in the range of 1016.0 to 1390.0, with a mean expected price of about 1138.3462.
Technicals
Support and Resistance: The price currently sits at 1002.55, finding support at 965.15 and resistance at 1889.7. These levels define a range for HDFC Bank Limited where the price may move, with 965.15 offering a base and 1889.7 limiting upward momentum. Support/Resistance for HDFCBANK
Aroon: The bullish trend indicated by Aroon persists, with Aroon Up holding steady at the 100 level. This shows strong market momentum, but further exploration using additional indicators is necessary to confirm the trend's strength and future potential. Aroon chart for HDFC Bank Limited
Bol. Bands: In a bullish development, the current price has moved above the upper Bollinger Band in its latest advance. This breakout signals heightened buying pressure, driving the price beyond its usual range. Such a move is often viewed as an indicator of strong market momentum, potentially leading to further gains. Bolinger Bands chart for HDFC Bank Limited
Parabolic SAR: The PSAR continues to be bullish for HDFCBANK, setting a strong support level that could sustain the ongoing upward trend. This level of support indicates that the market is likely to continue its positive trajectory, offering a base for continued bullish movement. Parabolic Stop and Reverse chart for HDFC Bank Limited
Stochastic: With the K-line above both the D-line and the 80 mark, the stochastic indicator signals a bullish trend. This configuration suggests that the market is experiencing strong upward momentum, likely leading to further gains. Investors may see this as a favorable condition for potential growth. Stochastic chart for HDFC Bank Limited
Tripple Moving Agerage: The current state of the Tripple MOVING AVG is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Tripple SMA chart for HDFC Bank Limited
To accurately interpret a company's technical data, it is important to first examine its fundamentals. These include financial performance, management quality, and growth prospects. In addition, understanding the dynamics of the industry in which the company operates—such as competition, market trends, and regulatory factors—provides further insights. This combined analysis helps create a fuller picture, allowing for more precise conclusions to be drawn from the company's technical performance and stock behavior.
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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