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Umang Bhutada

6th Dec · SEBI-Registered Analyst

HDFC BANK

HDFCBANK (D) – Summary Techno-Funda

HDFCBANK
Technical View: Price consolidating between ₹975 (retest zone) and ₹1,020 (breakout resistance). Sideways structure; breakout above 1,020 needed for fresh momentum. Strong support at ₹940. Fundamental View: Stable NIMs, CASA pressure easing, strong loan book. Large-cap banking with steady growth; no major negative triggers. Summary: Range-bound; strength only above 1,020. Support buyers may emerge near 975–940.

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