HDFCBANK.NS Stock Today, January 13: Tests INR 940 Support After Breakdown
HDFC Bank share price stays weak on January 13 as the stock tests the INR 940 support after breaking below the 970 to 1,020 range. The latest print is INR 936.95, down 0.22 percent, with an intraday low of INR 929.60. The first mention of the ticker HDFCBANK.NS matters for traders tracking levels. Momentum readings are oversold, which can create quick rebounds, but trend signals still lean negative. With results due on January 17, both traders and long-term investors in India are watching price action and volumes closely.
Technical setup for HDFC Bank today
RSI at 28.76 sits in oversold territory, while MACD at -6.40 stays below its signal at -2.45 with a negative histogram. ADX at 17.98 shows a weak trend that lacks strength. Price near INR 936.95 is below the lower Bollinger band at 962.59 and under the Keltner lower band at 957.90. This confirms heavy pressure but can also precede a short-lived bounce.
After a clean break under the 970 to 1,020 consolidation, the stock is probing INR 940 with an intraday low at 929.60 and high at 942.00. ATR of 13.76 implies a typical daily move near INR 14. The 200-day average near 978.47 and 50-day near 990.17 sit overhead and can cap rebounds until price reclaims them on a closing basis.
Key price levels and scenarios
INR 940 is the near-term pivot for HDFCBANK.NS support. Today’s undercut to 929.60 shows supply still active. A firm close back above 940 reduces immediate risk. A decisive close below 930 could expose the psychological 900 mark, while the 52-week low at 812.15 remains a distant reference. Oversold readings raise the odds of false breaks.
Initial supply sits in the 962 to 970 zone, which includes the lower Bollinger band at 962.59 and the breakdown area at 970. Above that, watch the moving average cluster at 978 to 990. A daily close over 990 would ease downside momentum and shift focus back to 1,020, the prior range top and a heavier resistance area.
Fundamentals and valuation
Return on equity is 13.7 percent, and net margin stands near 14.95 percent. The stock trades at a price to book of 1.32 and a P/E of 21.41 on an EPS of 43.76. Dividend yield is about 1.44 percent, supported by book value per share of roughly INR 736.93. These markers frame HDFC Bank price against quality and growth.
Meyka’s company rating on January 12 is B+ with a Neutral recommendation. Our composite stock grade is also B+, with a system suggestion of Buy, while we note weak near-term trend. Debt to equity is 1.10 and interest coverage is 0.58. For banks these ratios behave differently, yet they still merit attention alongside capital and asset quality updates.
Catalysts and what to watch next
Q3 results are scheduled for January 17, 2026. Watch loan growth, deposit traction, NII momentum, and commentary on asset quality. Today’s volume of 21.07 million is about 7 percent above the 19.69 million average, pointing to active participation. Money Flow Index at 35.93 and a declining OBV suggest supply remains present into support.
A lower high and lower low structure keeps risks elevated until the stock reclaims key levels, as discussed by Anil Singhvi on Zee Business. Broader coverage on reasons for selling pressure is also available on India Today. For bank stocks India, macro signals and large-cap flows can amplify moves near crucial levels.
Final Thoughts
The setup is straightforward. HDFC Bank share price is testing INR 940 after a clear break beneath 970 to 1,020. Momentum is oversold, price sits below volatility bands, and volume is slightly above average. That mix can fuel sharp counter-trend bounces, but the broader trend remains weak until the stock closes back above 962 to 970 and then 978 to 990. For short-term traders, risk sizing around ATR and respecting closes near 930 to 940 is key. For long-term investors, the B+ grade, reasonable price to book, and 1.44 percent dividend yield are supportive. The January 17 results are the next big catalyst. Stay data-driven, react to closes, and avoid chasing moves without confirmation.
FAQs
Why is the HDFC Bank share price testing INR 940 today?
The stock broke below its 970 to 1,020 range and slid to INR 936.95, with an intraday low at 929.60. RSI at 28.76 is oversold, but MACD remains negative, showing weak momentum. Combined with slightly higher volume, this points to continued supply near support with scope for brief rebounds.
What are the key supports and resistances for HDFC Bank price now?
Primary support is INR 940, then today’s low near 930. A decisive close below 930 risks a move toward the psychological 900 mark. On the upside, watch 962 to 970, then the moving averages at 978 to 990. A daily close above 990 would re-open the path toward 1,020.
Is HDFCBANK.NS oversold, and what does that imply for traders?
Yes. RSI is 28.76, CCI is -247.76, and Williams %R is near -95. Price is also below the lower Bollinger band. Oversold conditions can enable quick snapbacks, but they do not confirm a trend change. Traders often wait for closes back above resistance zones to validate any rebound.
When is the next earnings date and what should investors track?
HDFC Bank reports on January 17, 2026. Investors should watch net interest income, deposit and loan growth, asset quality metrics, and management’s outlook. These can affect valuations and the HDFC Bank share price reaction, especially while the stock trades below key averages near 978 to 990 with mixed momentum signals.
What should I consider if I follow bank stocks India alongside HDFC Bank?
Focus on capital, asset quality, deposit growth, and loan mix. Compare valuation markers like price to book and dividend yield. For HDFC Bank, P/B is 1.32 and dividend yield is 1.44 percent. Align any view with price action around INR 940 support and the upcoming results that may change sentiment.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
