EN
Takip Edin: @UscMarketsHDB Stock Forecast & HDFC Bank Limited Chart Analysis
This article provides a detailed analysis of HDB-HDFC Bank Limited stock including a forecast for HDB shares. It features HDFC Bank Limited technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
HDB Historical Data Review
HDB Current Price Performance Analysis
The HDFC Bank Limited - HDB stock traded on the American stock market, on 06-05-2024, closed at 58.43$ with a %5.26 increased compared to the previous day.
In the last month, the price of HDB changed by %0.60 increased in value, from 58.08 dollars on 05-06-2024 to 58.43 dollars, increased.
Last year, the price of HDB was 64.38 dollars on 06-06-2023, and changed by %-9.24 decreased in value, to 58.43 dollars decreased within a year.
The price of HDFC Bank Limited stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
HDB with AI Stock Forecast & Price Target
On the HDB chart HDFC Bank Limited price was recorded as 58.43 Dollars on 06/05/2024.
The artificial intelligence's forecast on HDB stock is as follows.
The artificial intelligence's prediction error margin for HDB stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for HDFC Bank Limited stock over the next 4 months is: 49.5 Dollars.
The commentary on HDB stock Target Price: Highest: 56.698 Dollars is predicted.
The commentary on HDB stock Target Price: Lowest: 42.575 Dollars is predicted.
Resistance Price where HDFC Bank Limited stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-23-2024 | 53.558 |
| 12-12-2024 | 50.151 |
| 02-20-2025 | 44.347 |
| 04-01-2025 | 42.748 |
Support Price where HDFC Bank Limited stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-19-2024 | 52.074 |
| 11-12-2024 | 48.731 |
| 01-31-2025 | 44.147 |
| 03-27-2025 | 42.730 |
The commentary on HDB stock: The target price can generally be said to be on the decline.
The commentary on HDB stock: Fluctuations in the target price can be expected in the coming days.
The target price for HDFC Bank Limited stock by the end of 2024 is predicted to be 49.041 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on HDB stock, and the 2024 target price predictions for HDFC Bank Limited are detailed above.
The technical analysis and charts for the commentary on HDB stock are below.
HDB Support & Resistance and Trend Analysis
HDB stock you have reviewed the technical analysis support resistance charts regarding.
HDB : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the HDB review, the HDFC Bank Limited support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
HDFC Bank Limited Support and Resistance Prices:
| HDB Support Level Price | HDB Resistance Level Price |
|---|---|
| 52.16 | 56.78 |
| 53.00 | 57.14 |
| 53.41 | 57.40 |
| 53.47 | 59.06 |
| 54.07 | 59.22 |
| 54.99 | 60.83 |
| 55.00 | 61.27 |
| 55.09 | 65.99 |
| 55.95 | 67.44 |
| 56.24 | |
| 65.37 |
HDB Technical Analysis: SMA, RSI, MACD
Upon reviewing the HDB chart, buy and sell signals have been generated in the HDFC Bank Limited technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for HDB stock are as follows:- The technical analysis for HDB indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for HDB indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for HDFC Bank Limited issued a 'Buy' signal when the MACD was at -0.131, with the current MACD value being: 0.267
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for HDFC Bank Limited stock: Click here to read more predictions on Commonwealth Bank of stock.
Click here for price target predictions and technical analysis charts of other American stocks