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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 2024-06-06 View latest technical analysis

10 day averaged volume of Hdfc Bank is 25799963

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	1559.70	1564.90	1565.45	1546.60	0.9 times
05 Wed Jun 2024	1551.80	1494.05	1559.60	1482.35	1.582 times
04 Tue Jun 2024	1483.15	1557.00	1559.00	1454.00	1.735 times
03 Mon Jun 2024	1572.20	1599.00	1599.00	1550.00	1.408 times
31 Fri May 2024	1531.55	1519.00	1536.00	1514.00	1.436 times
30 Thu May 2024	1514.85	1499.20	1523.60	1497.65	0.654 times
29 Wed May 2024	1508.30	1518.00	1523.85	1501.25	0.681 times
28 Tue May 2024	1530.50	1530.10	1536.05	1524.80	0.541 times
27 Mon May 2024	1527.70	1523.35	1545.00	1519.05	0.569 times
24 Fri May 2024	1517.20	1487.50	1519.90	1486.00	0.602 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1535.2, but if it comes below 1535.2, then a intra day sell could be more profitable.
If you take a sell trade below 1535.2, then use 1535.2 as stoploss and 1494.53 as target. However if you take a buy trade in stock , then use 1535.2 as stoploss and 1583.9 as target.

Share price targets for Hdfc Bank (HDFCBANK)

Target Type	Value
Downside Target	1363.55
Downside Target	1400.00
Downside Target	1480.85
Downside Target	1497.65
Downside Target	1519.90
Downside Target	1534.50
Downside Target	1545.00
Downside Target	1557.40
Upside Target	1599.00

Intraday share price targets for Hdfc Bank (HDFCBANK)

Target Type	Value
Downside Intraday Target	1476.13
Downside Intraday Target	1392.57
Upside Intraday Target	1621.13
Upside Intraday Target	1682.57
Downside Intraday Target	1537.57

Weekly technical analysis of Hdfc Bank (HDFCBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	1559.70	1599.00	1599.00	1454.00	1.449 times
31 Fri May 2024	1531.55	1523.35	1545.00	1497.65	1.286 times
24 Fri May 2024	1517.20	1450.10	1519.90	1448.15	1.048 times
18 Sat May 2024	1466.05	1432.00	1468.00	1430.30	0.861 times
10 Fri May 2024	1437.90	1522.00	1534.50	1426.80	1.122 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
06 Thu Jun 2024	1559.70	1599.00	1599.00	1454.00	0.391 times
31 Fri May 2024	1531.55	1522.00	1545.00	1426.80	1.025 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

Scroll below to view daily charts

Price has moved up 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Hdfc Bank in short term and the buy signal is strong.

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

Hdfc Bank Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Hdfc Bank in short term and BUY signal is strong.

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1530.8 and Hdfc Bank (HDFCBANK) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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