Posted On: September 22, 2023

Stock Report: HDFCBANK(NSE) 21 Sep 2023

Outlook: Bearish

Sector: Financial Services

Industry: Banks – Regional

HDFC Bank Ltd is a large, publicly traded Indian bank. There are three units: retail banking, wholesale banking, and treasury. Retail banking services are offered through numerous branches and ATMs. Wholesale focuses on Indian corporations, and the treasury unit offers risk-management services, such as foreign exchange trading. 

#xCalData predicts that # INDIANHUME will continue its bearish phase over the next five days and trend within the range of 225 to 251. 

In comparison to the previous month, the price of the stock has experienced a decline of 13.51% indicating a bearish.

The Stock has doubled twice since 27 Mar 2015 and took an average of 1.2 years to double. 

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past.  

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely Relative Strength indicate Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days.

#xCalData is an exceptional app available for Android devices that offers unbiased insights into stocks, allowing investors to make informed decisions. With its user-friendly interface and comprehensive features, xCalData provides a valuable resource for anyone interested in the stock market.  Download the app from google play. 

For Actionable Intelligence, subscribe to xCalData app on Android devices: https://tinyurl.com/downloadxCalData

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