HDFC Bank Limited technical analysis
Technical analysis of HDFC Bank Limited (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is HDFC Bank Limited
HDFC Bank Limited is a bank operating in the financial services sector, providing banking accounts, deposits, personal and commercial loans, payment services, credit and debit cards, as well as insurance and investment products to individual and business customers. The bank conducts its operations in India and in select international markets including Bahrain, Hong Kong, Singapore, and Dubai.
Description generated automatically from public sources; it may be inaccurate or out of date.
HDFC Bank Limited: latest session data
Closing values for September 4, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
23.22 $
−0.16%
50 sessions
24.25 $
−4.43%
200 sessions
28.34 $
−18.19%
Session levels
s2
22.89
Support
s1
23.09
Support
pivot
23.27
Pivot
r1
23.47
Resistance
r2
23.65
Resistance
How to read it
In the September 4, 2026 session HDFC Bank Limited closed lower at 23.18 $, −0.43% versus the previous session.
The price sits below every moving average observed: −0.16% against the 21-session average, −4.43% against the 50 and −18.19% against the 200.
The 14-period RSI reads 46.0, in neutral territory.
MACD stands at -0.256 against a signal line at -0.314: the histogram is positive (+0.059).
ADX reads 20.8, indicating weak directionality.
Levels computed on the latest session place supports at 23.09 and 22.89 $ and resistances at 23.47 and 23.65 $, around a pivot of 23.27.
The average daily range (ATR) is 0.466 $, or 2.01% of price.
Turnover was 8.5M shares, 99% of the 20-session average.
Over the last twelve months the price ranged between 22.30 and 29.13 $, and today stands −20.43% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about HDFC Bank Limited
How is HDFC Bank Limited analysed technically?
Technical analysis of HDFC Bank Limited is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for HDFC Bank Limited?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to HDFC Bank Limited?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to HDFC Bank Limited it helps frame the technical structure of the historical chart and is not a forecast.
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