HDFC BANK LTD – NSE BUY

 

HDFC BANK LTD – NSE  BUY 970MORE DEEP IN ADD ON  982-985 TGT 995/1002/1015/1030 SL950 POSITION CALL 

HDFC BANK LTD – NSE (Technical + Fundamental Analysis) Current price zone visible: ₹987

📈 TREND VIEW Primary Trend: Sideways to mildly bullish

Structure: Higher lows formed from Oct → Dec (rising trendline support)

Momentum: Weak near resistance, buyers active near ₹980–₹985 zone

🔑 SUPPORT & RESISTANCE (High-Probability Levels) Supports S1: ₹985 – ₹982 (Immediate demand zone, trendline support)

S2: ₹970 – ₹972 (Major swing support)

S3: ₹950 – ₹955 (Long-term base)

Resistances R1: ₹1000 – ₹1005 (Psychological + supply zone)

R2: ₹1015 – ₹1020 (Multiple rejections)

R3: ₹1030+ (Breakout zone for strong rally)

🎯 TRADE SETUPS (TRUE VALUE BASED) 🔹 Short-Term (Intraday / 1–5 Days) Bias: Range-bound, buy near support

BUY: ₹982 – ₹985

TARGET: ₹995 → ₹1002

STOP LOSS: ₹976 ➡️ Probability favors BUY on dips, not breakout chasing.

🔹 Medium-Term (2–6 Weeks) Bias: Neutral to Bullish

BUY: ₹975 – ₹980

TARGET: ₹1015 → ₹1030

STOP LOSS: ₹960 (closing basis) ➡️ Trendline + 200-DMA support zone makes risk-reward favorable.

🔹 Long-Term (6–12 Months) Bias: Strong Bullish

Accumulation Zone: ₹950 – ₹980

Upside Potential: ₹1100+

Invalidation: Sustained close below ₹940 ➡️ Suitable for positional investors.

📊 TECHNICAL INDICATORS SUMMARY Moving Averages: Price near key averages → consolidation phase

Volume: Average, no panic selling

Price Action: Demand visible near rising trendline

Market Profile: Value area holding → base formation

🧾 FUNDAMENTAL VIEW (FACT BASED) ✅ Positives India’s largest private bank

Strong CASA ratio & asset quality

Consistent credit growth outlook

Beneficiary of falling interest rate cycle

⚠️ Risks Short-term margin pressure

PSU banks offering stiff competition

Stock underperformance vs Nifty Bank recently

Fundamental Bias: ➡️ Strong for long term | Stable for medium term

💡 FINAL VERDICT Short Term: BUY near ₹980 support

Medium Term: BUY on dips

Long Term: ACCUMULATE

Avoid: Fresh selling at support zone

📌 Money-making side currently: BUY ON DIPS, not SELL.