HDFC Bank Limited offers a range of banking services covering commercial and investment banking on the wholesale side and transnational/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business. The Treasury segment primarily consists of net interest earnings from the Bank’s investment portfolio, money market borrowing and lending, gains or losses on investment operations and on account of trading in foreign exchange and derivative contracts. The Retail Banking segment serves retail customers through a branch network and other delivery channels, as well as through alternative delivery channels.

Techno Funda-HDFC Bank-Chart-13-12-2019


Company HDFC Bank Limited(HDFCBANK)
Recommendation Accumulate (Rs.1263.85)
CMP Rs.1263.85
Stop Loss (SL) Rs.1220
Target Price Rs.1330 – Rs.1350
Time Horizon 2-4 Weeks


Techno Funda-HDFC Bank-Graph13-12-2019

Source: Capitaline Database, EWAL Research

Intermediate and long term trend is up in this stock, after a decent correction stock is trying to reverse from 50 Day EMA which has acted as a major support on daily chart, clearly chart is showing buying interest among the participant on every dip. A bullish RSI and MACD buy signals has emerged on daily chart, increasing in volume and positive divergence from oscillator indicate that stock can move higher from current level so one can initiate buy at CMP of Rs. 1263.85 with a stop loss of Rs. 1220 (on closing basis) for a target price of Rs. 1330 – Rs. 1350. Time frame should be 2-4 weeks.


Elite Wealth Advisors Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Advisors Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as read more

For Daily Share Market Updates, Daily debt market review, Market Research Analysis reports, Weekly Techno-Funda Report, Fundamental Analysis Report, Monthly Recommended stock Picks, Equity Trading Tips, Upcoming IPO/NFO/Bonds/Ncd’s updates & other related information Subscribe our research plan

table, th, td { border: 1px solid black;}