HDB Price Prediction Next Week
Analysis and Insights
News Sentiment and Fundamental Analysis:
HDFC Bank (HDB) has shown strong financial performance in its Q3 results, with a consolidated net revenue of ₹652.8 billion and an earnings per share (EPS) of ₹23.1. This reflects positive market sentiment and improved performance, earning it a rating upgrade as "Asia's Compounding Machine". Additionally, Elliott Investment Management increased its stake in HDB, signaling investor confidence.
Technical Indicators Analysis:
- RSI: HDB's RSI values (85.81 for RSI_6, 72.61 for RSI_12, and 69.83 for RSI_14) indicate a strong uptrend but are approaching overbought levels.
- Stochastic Oscillator: High K (95.98) and D (95.69) values suggest overbought conditions.
- MACD: Positive MACD (0.74) with a decreasing histogram indicates potential weakness.
- Moving Averages: HDB is trading above all short-term and long-term moving averages, signaling bullish momentum.
- Fibonacci Levels: Pivot at 61.53, with resistance at 63.84 and 65.27, and support at 59.21 and 57.78.
Price Action:
HDB closed at 64.52 on March 21, up 1.26%, with a high of 64.56. It is currently trading near the first resistance level of 63.84.
Conclusion:
Based on the analysis, HDB is expected to trade between 63.84 and 65.27 next week. Given the overbought conditions and proximity to resistance, a sell recommendation is advised at current levels to capitalize on the rally or prepare for a potential pullback.
HDB Similar Chart Price Prediction
The price of HDB is predicted to go up -0.91%, based on the high correlation periods with INSM. The similarity of these two price pattern on the periods is 98.5%.
HDB
INSM
Down: -0.91%Similarity: 98.5%
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
21.710
2027
85.000
37.940
2028
85.000
37.940
2029
95.000
54.170
2030
110.000
78.510
