
Technical analysis of HDFC Bank Limited (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
HDFC Bank Limited is a bank providing financial and banking services to individuals and businesses in India and select international markets. The company offers a range of products including current and savings accounts, deposits, various types of loans (personal, home, commercial), payment services, foreign trade services, and insurance and investment products. It operates through dedicated segments for treasury, retail banking, wholesale banking, and other banking and insurance services.
Description generated automatically from public sources; it may be inaccurate or out of date.
Closing values for October 14, 2026, computed on the last 12 months of prices.
21 sessions
718.66
+1.14%
50 sessions
718.64
+1.14%
200 sessions
796.16
−8.71%
s2
701.80
Support
s1
706.25
Support
pivot
712.40
Pivot
r1
716.85
Resistance
r2
723.00
Resistance
In the October 14, 2026 session HDFC Bank Limited closed higher at 726.85 , +2.27% versus the previous session.
The price sits mixed against its moving averages: +1.14% against the 21-session average, +1.14% against the 50 and −8.71% against the 200.
The 14-period RSI reads 54.5, in neutral territory.
MACD stands at -2.701 against a signal line at -3.631: the histogram is positive (+0.931).
ADX reads 14.3, indicating weak directionality.
Levels computed on the latest session place supports at 706.25 and 701.80 and resistances at 716.85 and 723.00 , around a pivot of 712.40.
The average daily range (ATR) is 14.512 , or 2.00% of price.
Turnover was 37.1M shares, 122% of the 20-session average.
Over the last twelve months the price ranged between 681.90 and 843.00 , and today stands −13.78% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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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.
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.
Disclaimer. For informational purposes only; not financial advice or a recommendation. Montbon Analytics is not an authorised financial intermediary.
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