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Stock analysis HDFC Bank Limited HDFCBANK

More indepth analysis on MunafaSutra.com

Moving Averages for HDFC Bank Limited

  • 5Day Average: 1511.01
  • 12Day Average: 1523.11
  • 20Day Average: 1495.65
  • 50Day Average: 1454.68
  • 100Day Average: 1523.67
  • 150Day Average: 1523.44
  • 200Day Average: 1550.81

HDFCBANK Indicators & signals

Indicator MACD (12,26,9)

1508.63, 1492.37, 17.6
Indicator MACD is in positive zone

Indicator ADX (14)

20.67, 25.98, 17.08
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
23 Tue Apr 2024 1507.60 1503.25 to 1526.50 -0.3% 0.82 times
22 Mon Apr 2024 1512.20 1508.30 to 1557.40 -1.25% 1.3 times
19 Fri Apr 2024 1531.30 1480.25 to 1534.95 2.45% 1.06 times
18 Thu Apr 2024 1494.70 1491.05 to 1518.85 -0.96% 1.05 times
16 Tue Apr 2024 1509.25 1482.25 to 1512.90 0.97% 0.64 times
15 Mon Apr 2024 1494.70 1492.05 to 1510.00 -1.6% 0.72 times
12 Fri Apr 2024 1518.95 1513.45 to 1529.85 -1.13% 1.26 times
10 Wed Apr 2024 1536.35 1532.95 to 1549.90 -0.79% 0.85 times
09 Tue Apr 2024 1548.55 1540.30 to 1554.85 0.13% 0.67 times
08 Mon Apr 2024 1546.60 1541.55 to 1557.25 -0.19% 0.63 times
05 Fri Apr 2024 1549.55 1530.15 to 1554.50 1.44% 1.81 times
04 Thu Apr 2024 1527.60 1504.00 to 1530.00 3.06% 2.73 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, and stock might move up till 1537.2 or till 1583.7. Use a stoploss of 1498.51 and if this stock hits its stoploss, then it can fall down till 1459.81

More indepth analysis on MunafaSutra.com