hdfc bank share price daily chart technical analysis
hdfc bank share on last trading session closed at 650 with gains.on daily chart hdfc bank share trend and momentum both bullish.on downside 641 is week average,628 is 3 month average and major short term view support while 619 is month average and last support on daily chart.
on upside 680-700 are major resistances on daily chart.on indicators rsi and cci both with bullish divergences.
short term traders keep long view above 620 and follow buy on dips view with strict stoploss below 620 and expect target of 680-700 on upside.below 620 if sustain then this was bounce back and bull trap and below 620 downtrend continue and may show previous lows of 550-530.
hdfc bank share price weekly chart technical analysis
hdfc bank share last week closed with gains.on weekly chart hdfc bank share trend and momentum both bullish.on downside 640 is 6 month average,629 is 12 month average and 554 is 2 years average level and last support on downside on weekly closing basis.any 2 closing below this levels means medium to long term bear market for this stock.
on upside 700 and 730 are previous tops and major resistances.on indicators,on weekly chart rsi is above 50 with bullish divergence while cci is heading towards +200.
from medium to long term view 560-580 is good entry point with weekly closing basis stoploss below 530 and expect target 700-800 on upside.
hdfc bank share price monthly chart technical analysis
hdfc bank share on monthly chart shows absolute uptrend from 2000 to now 2013.with all split/bonus and divided consideration,hdfc bank share was trading around 4 rupee in 2000 and now at 650 rupee in 2013.in 13 years given 16250% return to investors.
on chart,480 is 3 years average level while 380 is 5 years average level and both strong support and investment levels with next 5-10 years time frame.
hdfc bank is India”s one of the best private bank and well managed and FII remain bullish on it from long term as its all historic gains proves this.
in my view,investors must buy and accumulate in this stock in 490-340 zone on any major dip with 3-5 years view and expect target of 800-933 on upside in that time period.