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HDFC Bank Limited (HDFCBANK) — Technical Setup
₹700.00 +1.04% Range Normal Volatility Strong bearish
Summary
HDFC Bank Limited is in a range on the daily chart, with the weekly trend bearish and the monthly trend bearish. RSI(14) is 47.8, MACD is below its signal line, ADX reads 17 (weak trend). The stock trades 11.2% below its 200-day average and 31.2% below its 52-week high. Volume in the latest session was 0.7× its 20-day average. Over three months it has underperformed the Nifty 50 by 2.6 percentage points. Nearest support is ₹694.50 and resistance ₹715.10. Its technical score is 24/100 (strong bearish).
🧮 How the 24/100 is built
Five components, 20 points each. Every rule is shown with the points it earned — the score describes the chart as it stands today; it is not a prediction.
- Close above 20-day EMA (-0.15)0/3
- 20-day EMA above 50-day EMA0/3
- 50-day EMA above 200-day EMA0/3
- Close above 200-day SMA (-11.21)0/3
- SuperTrend (10,3) pointing up0/3
- ADX ≥ 20 with +DI above −DI (trend has strength) (16.70)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (47.81)2/6
- MACD line above its signal line0/4
- MACD line above zero (-7.47)0/3
- 12-day rate of change positive (-1.51)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-2.57)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.09)0/5
- More volume on up days than down days (20 sessions) (0.50)0/5
- Close above 20-day VWAP (-0.37)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (2.02)6/6
- Price in the upper half of its Bollinger Bands (0.46)2/5
- Shallow drawdown from the 52-week high (-31.20)1/5
- Volatility contracting (20-day volatility below its 6-month median) (32.00)4/4
- Room to the next resistance (≥8% scores full) (2.16)1/5
- Support close below (a tight, definable stop) (0.79)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-31.20)0/5
🧭 Regime: Range
Normal Volatility — Bollinger width is in the 47th percentile of the last six months.
Suits: Mean reversion / range trading. No directional edge: buy near range support, sell near resistance, and treat breakouts with suspicion until volume confirms them.
Classified from ADX, the 20/50-day EMA stack and price's distance from the 50-day average; volatility from band-width and ATR expansion.
Opens the AI Backtester with the Bollinger Band Reversion rules for HDFCBANK — close below the lower bollinger band (20,2) while above the 200-day sma.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | ▼ Bearish | 36.66 | -26.45 |
| Weekly | ▼ Bearish | 36.97 | 1.28 |
| Daily | ▼ Bearish | 47.81 | -0.83 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: Bearish, weekly ADX 23.68.
📶 Volume & VWAP
VWAPs are computed from daily bars (typical price × volume), not intraday ticks.
💪 Relative strength
HDFCBANK ÷ Nifty 50, rebased to 100 a year ago. Rising = outperforming.
🧱 Support & resistance
Clustered swing highs and lows from the last year; “touches” is how many swings formed the level.
| Level | Price | Distance | Touches |
|---|---|---|---|
| Resistance | ₹772.55 | +10.4% | 1 |
| Resistance | ₹760.08 | +8.6% | 2 |
| Resistance | ₹737.33 | +5.3% | 6 |
| Resistance | ₹715.10 | +2.2% | 1 |
| Close | ₹700.00 | — | |
| Support | ₹694.50 | −0.8% | 2 |
| Support | ₹681.90 | −2.6% | 1 |
52-week range: ₹669.20 – ₹1,017.50 (-31.20% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹843.00 (2026-07-07) to ₹669.20 (2026-10-28). Price has retraced 17.7% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹710.22 | +1.5% | S/R confluence nearest |
| 38.2% retracement | ₹735.59 | +5.1% | S/R confluence |
| 50.0% retracement | ₹756.10 | +8.0% | S/R confluence |
| 61.8% retracement | ₹776.61 | +10.9% | S/R confluence |
| 78.6% retracement | ₹805.81 | +15.1% | |
| 127.2% extension | ₹621.93 | -11.2% | |
| 161.8% extension | ₹561.79 | -19.7% | |
| 200.0% extension | ₹495.40 | -29.2% |
Next Fibonacci time zone: 89 sessions from the swing start ≈ 2026-11-12 (approximate — exchange holidays are not modelled).
🕯️ Candlesticks (last 5 sessions)
- Piercing Pattern 2026-10-28 bullish Strong · 70
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
No regular divergence on RSI, MACD, OBV, MFI or Stochastic at the latest swings.
📐 Chart pattern
- Falling Wedge weeklyforming
✅ Screens HDFCBANK passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| KOTAKBANKKotak Mahindra Bank Limited | ₹458.35 | -0.70% | 91 | Strong Uptrend | 79.00 |
| UNIONBANKUnion Bank of India | ₹186.00 | +0.00% | 91 | Uptrend | 79.00 |
| SOUTHBANKThe South Indian Bank Limited | ₹54.51 | -1.77% | 84 | Strong Uptrend | 87.00 |
| PNBPunjab National Bank | ₹123.06 | +0.17% | 83 | Strong Uptrend | 74.00 |
| ICICIBANKICICI Bank Limited | ₹1,387.40 | -0.76% | 82 | Uptrend | 67.00 |
| INDIANBIndian Bank | ₹865.25 | -0.03% | 77 | Range | 69.00 |
| FEDERALBNKThe Federal Bank Limited | ₹337.50 | -0.65% | 70 | Uptrend | 79.00 |
| SBINState Bank of India | ₹987.00 | +2.61% | 64 | Range | 62.00 |
| BANKBARODABank of Baroda Limited | ₹245.16 | +2.75% | 53 | Range | 54.00 |
| BANKINDIABank of India Limited | ₹134.40 | +1.16% | 51 | Range | 56.00 |
⚠️ Educational technical analysis computed automatically from end-of-day NSE prices — not investment advice. Flash Finance is not SEBI-registered. Indicators describe what price has done; they do not predict what it will do. Verify levels on a live chart and manage risk before acting.
