HDB Price Prediction Next Week
Technical Analysis: HDFC Bank's stock (HDB) shows a downward trend in recent trading sessions, with the price declining from $56.78 to $54.00. The stock has formed lower highs and lower lows, indicating bearish momentum.
News Impact:
- Elliott Investment Management increased its stake in HDFC Bank in Q4 2024, showing institutional confidence
- HDFC Bank reported strong Q3 FY'25 results with net profit of ₹16,736 crore and robust deposit growth of 15.9%
- The bank continues expanding its distribution network with over 1,000 new branches year-over-year
Price Prediction for Next Week: Based on technical analysis and recent price action:
- Resistance levels: $54.85, $56.78
- Support levels: $53.69, $52.50
- Expected trading range: $53.00 - $55.00
Target Prices:
- Bearish scenario (60% probability): $52.50
- Neutral scenario (30% probability): $54.00
- Bullish scenario (10% probability): $55.50
Recommendation: SELL
- Current downtrend momentum remains strong
- Price consistently making lower highs
- Volume declining on up moves indicates weak buying pressure
- Optimal selling price: $54.00-54.50
- Stop loss: $56.00
Target entry for potential buyers: Wait for price to stabilize around $52.50 support level before considering long positions.
HDB Similar Chart Price Prediction
The price of HDB is predicted to go up 6.97%, based on the high correlation periods with GTLS. The similarity of these two price pattern on the periods is 90.16%.
HDB
GTLS
Up: 6.97%Similarity: 90.16%
HDB Stock Forecast & Prediction For Years 2025, 2026, 2027, 2028, 2029 and 2030
Year
HDB Price Forecast($)
Potential Return(%)
2025
61.220
-2.110
2026
75.000
23.680
2027
85.000
40.170
2028
85.000
40.170
2029
95.000
56.660
2030
120.000
97.890
