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HDFC Bank Share Price Today: Current Trends and Market Insights Will Shock You!

HDFC Bank Share Price Today: Current Trends and Market Insights Will Shock You!

HDFC Bank Share Price Today: The stock opened at ₹1660 on the last trading day, closing slightly lower at ₹1651.25. During the session, it peaked at ₹1660.45 and dropped to ₹1632.75. The market capitalization of HDFC Bank, as of the present day, is ₹12,56,157 crore.

At 3: 13 PM today, HDFC Bank was trading at ₹1664.65, marking a 1.39% increase from yesterday’s closing price of ₹1641.75. The positive shift suggests that the stock has transcended its first resistance point of ₹1660.68 (according to the traditional pivot table). On the other hand, traders should pay attention to the potential reversals at ₹1674.87 (the second resistance level) which may decide the future move of the stock.

Technical analysis shows the short-term trend of HDFC Bank to be mildly bullish and the long-term trend to be mildly bearish. Indicate the respective daily moving average values of the bank’s 5-day simple moving average (SMA) is ₹1641.31, while the 50-day SMA is higher (i.e., ₹1767.07), to show variations over time.

Volume Insights

Trading volume, a valuable trend meter, was 15.13% down from yesterday at 2 o’clock, with a stock price of ₹1664.55. A dip in volume together with a price increase can indicate a trend that is likely to continue, but traders need to be careful about any significant shift in the market.

Analyst Recommendations

HDFC Bank has a buying consensus rating among analysts with a median target price of ₹1974, 20.03% higher than the current market price. The lower and upper range of target price for the upcoming year is ₹1558 and ₹2550, respectively.

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Staff Writer and Author
Zainab is a seasoned writer with 6 years of experience, specializing in news and blog content across multiple niches. Passionate about cricket, she has delivered over 7,000 articles globally on multiple niches. She is currently an author at Newsblare.

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