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Stock analysis HDFC Bank Limited HDFCBANK

More indepth analysis on MunafaSutra.com

Moving Averages for HDFC Bank Limited

  • 5Day Average: 1509.78
  • 12Day Average: 1518.33
  • 20Day Average: 1488.68
  • 50Day Average: 1451.77
  • 100Day Average: 1524
  • 150Day Average: 1525.1
  • 200Day Average: 1552.81

HDFCBANK Indicators & signals

Indicator MACD (12,26,9)

1508.21, 1489.47, 18.01
Indicator MACD is in positive zone

Indicator ADX (14)

13.3, 25.05, 19.17
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of HDFCBANK HDFC Bank Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Fri Apr 2024 1531.30 1480.25 to 1534.95 2.45% 0.9 times
18 Thu Apr 2024 1494.70 1491.05 to 1518.85 -0.96% 0.89 times
16 Tue Apr 2024 1509.25 1482.25 to 1512.90 0.97% 0.54 times
15 Mon Apr 2024 1494.70 1492.05 to 1510.00 -1.6% 0.61 times
12 Fri Apr 2024 1518.95 1513.45 to 1529.85 -1.13% 1.07 times
10 Wed Apr 2024 1536.35 1532.95 to 1549.90 -0.79% 0.73 times
09 Tue Apr 2024 1548.55 1540.30 to 1554.85 0.13% 0.57 times
08 Mon Apr 2024 1546.60 1541.55 to 1557.25 -0.19% 0.53 times
05 Fri Apr 2024 1549.55 1530.15 to 1554.50 1.44% 1.54 times
04 Thu Apr 2024 1527.60 1504.00 to 1530.00 3.06% 2.32 times
03 Wed Apr 2024 1482.30 1471.40 to 1495.65 0.15% 1.19 times
02 Tue Apr 2024 1480.15 1463.25 to 1494.85 0.66% 1.08 times

Technical analysis forecast of HDFC Bank Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in HDFC Bank Limited HDFCBANK at this time. Stock is rising and might rise more.

It appears as if HDFC Bank Limited HDFCBANK gave a large move recently.

Stock of HDFC Bank Limited (HDFCBANK) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of HDFC Bank Limited is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1537.8 as stoploss in an intra day sell trade for a target of 1496.01. However, stock will show a bullish move above 1537.8.

More indepth analysis on MunafaSutra.com