Posted On: August 31, 2023

Stock Report: HDFCBANK(NSE) 30 Aug 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 # HDFCBANK will continue its bearish phase over the next five days and trend within the range of 1526 to 1623. 

In comparison to the previous month, the price of the stock has experienced a decline of 3.94% indicating a bearish.

The Stock has doubled once since 06 Jan 2015 and took an average of 3.0 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 2 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely Trendline 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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