HDFC bank share price prediction 2014

HDFC bank share price prediction 2014

HDFC bank stock daily chart

HDFC bank stock daily chart analysis

HDFC Bank stock on last trading session closed at 714.45 with gain. On daily chart, HDFC Bank stock price trend and momentum both are bullish. On daily chart, 695 is stocks major averages support and above it traders must follow buy on dips view. On upside 735 and 768 are strong resistances as well as targets for next 1 to 3 months. On downside below 695 next support zone will be 660 rupees. Daily chart indicators pattern are mixed.

Traders with stop loss below 695 can take long view for targets 735 and then 768.

HDFC bank stock weekly chart

HDFC bank stock weekly chart analysis

HDFC Bank stock on weekly chart is showing flat gains for the week. Weekly chart price trend and momentum both are bullish. Stock is trading above major average of 680 rupee and above it outlook will remain bullish for stock. From medium term view, 820 and 955 are strong resistances while 680 and 545 rupees are strong support zones. 820 is target level for next 6 to 8 months while 955 is target level for next 12 to 15 months period.

Traders and investors above 680 rupee keep buy and accumulate view with strict stop loss below 650 for target 820 and then 955.

HDFC bank stock performance chart

HDFC bank stock monthly chart analysis

HDFC Bank stock in last 6 month has given 6-7% returns to investors and performing inline with market. From long-term view, HDFC Bank stock above 640-655 level will remain bullish and buy for investors. On upside 920 rupee is 12-month target level for stock and 1200 rupee is 3 to 5 years view target level. On downside, 400 rupee was best buy zone and which was lasts seen in 2011. While 100-150 rupees was most undervalued level, which was last, seen in 2002-2003.

HDFC bank company description

HDFC Bank Limited (HDFC Bank) is a banking company engaged in providing a range of banking and financial services, including commercial banking and treasury operations. The Bank has overseas branch operations in Bahrain and Hong Kong. The Bank operates in four segments: treasury, which 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; retail banking, which serves retail customers, and other banking business, segment which includes income from para banking activities. Effective September 14, 2013, HDFC Bank Ltd has raised its interest from 62.06% to 89.88%, by acquiring further 27.82% interest in HDFC Securities Ltd.

HDFC bank stock fundamental ratios
Range    -
52 week528.00 – 760.75
Open    -
Vol.0.00
Mkt cap1.74T
P/E93.27
Div/yield6.85/0.94
EPS7.77
Shares2.40B
Beta-
Inst. own-

Updated: May 1, 2014 — 5:35 PM

The Author

Pramod Baviskar

Professional Financial Market Trader and Adviser Working since 2007 Developer of Trade-master™,Future-master™,Option-master™ and Now Signal-Pro™(Professional Trading system for Amibroker software) Working and Developing Auto-trading robots for various Financial Market. Follow Me on : Facebook-Twitter-Google-YouTube-Pinterest

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