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 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Description generated automatically from public sources; it may be inaccurate or out of date.
HDFC Bank Limited: latest session data
Closing values for September 2, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
722.55
−2.20%
50 sessions
757.60
−6.73%
200 sessions
829.78
−14.84%
Session levels
s2
696.50
Support
s1
698.65
Support
pivot
702.15
Pivot
r1
704.30
Resistance
r2
707.80
Resistance
How to read it
In the September 2, 2026 session HDFC Bank Limited closed higher at 706.65 , +0.83% versus the previous session.
The price sits below every moving average observed: −2.20% against the 21-session average, −6.73% against the 50 and −14.84% against the 200.
The 14-period RSI reads 35.7, in neutral territory.
MACD stands at -12.096 against a signal line at -11.771: the histogram is negative (−0.325).
ADX reads 28.9, indicating a marked directionality.
Levels computed on the latest session place supports at 698.65 and 696.50 and resistances at 704.30 and 707.80 , around a pivot of 702.15.
The average daily range (ATR) is 12.431 , or 1.76% of price.
Turnover was 27.7M shares, 103% of the 20-session average.
Over the last twelve months the price ranged between 698.50 and 843.00 , and today stands −16.17% 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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