HDFC BANK LTD.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	HDB
ISIN:

HDFC BANK LTD. - Daily - Technical analysis published on 06/27/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 63.74 USD

My targets

66.41 USD (+2.18%)

70.51 USD (+8.49%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on HDFC BANK LTD. as long as the price remains well above 63.74 USD. The buyers' bullish objective is set at 66.41 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 70.51 USD. If there is any crossing, the next objective would be the resistance located at 77.11 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The HDFC BANK LTD. price is 64.99 USD. The price is lower by -0.02% since the last closing and was between 64.53 USD and 65.42 USD. This implies that the price is at +0.71% from its lowest and at -0.66% from its highest.

64.53

65.42

64.99

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this HDFC BANK LTD. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	58.62	61.23	63.74	64.99	66.41	70.51	77.11
Change (%)	-9.80%	-5.79%	-1.92%	-	+2.18%	+8.49%	+18.65%
Change	-6.37	-3.76	-1.25	-	+1.42	+5.52	+12.12
Level	Major	Intermediate	Intermediate	-	Intermediate	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	63.52	63.83	64.41	64.72	65.30	65.61	66.19
Camarilla	64.76	64.84	64.92	65.00	65.08	65.16	65.25
Woodie	63.67	63.90	64.56	64.79	65.45	65.68	66.34
Fibonacci	63.83	64.17	64.38	64.72	65.06	65.27	65.61

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	57.69	58.90	61.16	62.37	64.63	65.84	68.10
Camarilla	62.46	62.77	63.09	63.41	63.73	64.05	64.36
Woodie	58.21	59.16	61.68	62.63	65.15	66.10	68.62
Fibonacci	58.90	60.23	61.05	62.37	63.70	64.52	65.84

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	52.26	53.62	55.76	57.12	59.26	60.62	62.76
Camarilla	56.93	57.25	57.57	57.89	58.21	58.53	58.85
Woodie	52.64	53.82	56.14	57.32	59.64	60.82	63.14
Fibonacci	53.62	54.96	55.79	57.12	58.46	59.29	60.62

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	73.30
MACD (12,26,9):	1.9800
Directional Movement:	21.49
AROON (14):	78.57
DEMA (21):	63.83
Parabolic SAR (0,02-0,02-0,2):	59.44
Elder Ray (13):	2.41
Super Trend (3,10):	61.45
Zig ZAG (10):	64.96
VORTEX (21):	1.0500
Stochastique (14,3,5):	96.27
TEMA (21):	65.02
Williams %R (14):	-6.50
Chande Momentum Oscillator (20):	5.88
Repulse (5,40,3):	2.0600
ROCnROLL:	1
TRIX (15,9):	0.3700
Courbe Coppock:	18.82

MA7:	63.93
MA20:	60.82
MA50:	58.45
MA100:	56.64
MAexp7:	63.87
MAexp20:	61.47
MAexp50:	59.22
MAexp100:	58.42
Price / MA7:	+1.66%
Price / MA20:	+6.86%
Price / MA50:	+11.19%
Price / MA100:	+14.74%
Price / MAexp7:	+1.75%
Price / MAexp20:	+5.73%
Price / MAexp50:	+9.74%
Price / MAexp100:	+11.25%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on HDFC BANK LTD. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

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