At the same time, the Sensex index was also up by 0.22%, trading at ₹83264.6. HDFC Bank shares traded within a range today, with their highest price at ₹1698.8 and lowest at ₹1671.
Looking at the technical side, the stock is doing well and is currently trading above its key moving averages. For example, the 5-day average price is ₹1659.46, the 10-day is ₹1650.68, the 20-day is ₹1641.87, the 50-day is ₹1633.87, the 100-day is ₹1593.43, and the 300-day average is ₹1559.18.
In terms of support and resistance levels, HDFC Bank has important resistance points at ₹1676.58, ₹1684.22, and ₹1690.43. On the other hand, the support levels are at ₹1662.73, ₹1656.52, and ₹1648.88.
The trading volume for HDFC Bank shares today was 24.04% lower compared to the last session, which is an important factor when analyzing stock trends. In general, if a stock’s price goes up with higher trading volume, it indicates a stronger movement. But if the price goes down with high volume, it might suggest that the stock could drop further.
Overall, based on the analysis, HDFC Bank is showing a strong upward trend in the market.