Highlights
Takeaway
HDFC Bank remains technically cautious despite improving asset quality and steady business growth. A sustained move above ₹728 could initiate a recovery towards ₹742–₹755. Holding ₹700–₹708 is crucial, while a decisive breakdown below ₹685 could expose ₹670–₹675.
- HDFC Bank closed around ₹707 on October 21 after weakening following its Q2 FY27 results announced on Saturday, October 17. The stock remains in a broader corrective trend.
- Immediate support is around ₹700–₹708, followed by ₹685–₹692. A decisive breakdown below ₹685 could extend the correction towards ₹670–₹675.
- On the upside, ₹718–₹728 is the immediate resistance zone. A sustained breakout above ₹728 could trigger a recovery towards ₹742–₹755.
- Momentum remains weak, with RSI around 48. The stock is trading below its 20-day, 50-day and 200-day moving averages, indicating that a confirmed bullish reversal is still missing.
- Fundamentally, Q2 FY27 net profit increased 4.7% YoY to ₹19,510 crore, while net interest income rose 9.7% to ₹34,619 crore. Gross NPA improved to 1.11%, although margin pressure and relatively modest earnings growth remain concerns.
Takeaway
HDFC Bank remains technically cautious despite improving asset quality and steady business growth. A sustained move above ₹728 could initiate a recovery towards ₹742–₹755. Holding ₹700–₹708 is crucial, while a decisive breakdown below ₹685 could expose ₹670–₹675.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.