HDFC BANK - WHAT CHART SAYS AHEAD Q1 EARNINGS

HDFC Bank will announce its June quarter (Q1 FY27) results on 17 July, with the Street expecting earnings of around ₹12,515 crore and revenue near ₹474 billion. Investors will closely track loan growth, Net Interest Margin (NIM), asset quality, deposit growth and management commentary, as these factors are likely to influence the stock's near-term direction. While expectations remain healthy, any surprise in margins or guidance could lead to sharp post-result moves. From a technical perspective, the stock has staged a steady recovery from its recent lows and is now trading above its 20, 50 and 100-day moving averages, indicating improving short-to-medium term momentum. The RSI is around 64, suggesting bullish strength without entering an overbought zone, while the MACD remains in positive territory, reflecting sustained buying interest. However, the stock has recently faced some profit booking after testing the ₹835-840 zone. On the upside, ₹835-840 remains the immediate resistance. A decisive breakout above this zone, supported by strong earnings and positive management commentary, could open the door towards ₹860-870 in the coming weeks. On the downside, ₹810-800 is likely to act as an important support zone. Holding above these levels would keep the overall positive structure intact, while a break below them may trigger short-term consolidation. Overall, the charts indicate improving momentum ahead of earnings, but the actual result and management outlook will be the key trigger for the next directional move. Investors may watch the earnings reaction along with price action before drawing conclusions, as volatility typically remains elevated around result announcements.