HDFCBANK.NS Stock Today: RSI Lows Spur Buy Calls on January 27
The hdfc bank share price is in focus after a sharp momentum reset. Today, HDFC Bank (HDFCBANK.NS) draws buy-on-dips interest as RSI recently slid to the low 20s and sits near 28.8. At the last close on 26 Jan, the stock was ₹926.40, up 0.84%, within a ₹905–₹931 band. Market expert Anil Singhvi has suggested accumulation around ₹909–₹910, aligning with oversold signals. A near 12% YoY profit rise in Q3 FY26 and a 3.35% NIM provide a fundamental cushion for rebound attempts.
Technical setup: oversold, but stabilising
HDFC Bank’s daily RSI is 28.76, still in oversold territory after a two-year low in the low 20s. Other oscillators echo stress: CCI at -247.8, Stochastic %K near 10, and Williams %R around -95. MACD remains below signal, while ADX at 17.98 shows a weak trend. We watch for RSI to reclaim 30 first, then 35–40, to confirm a stronger bounce.
Price sits at ₹926.4 with a ₹905–₹931 intraday range and ATR near ₹13.8, implying a typical ₹14 daily swing. Bollinger lower band is ₹962.6 and middle band ₹988.0. Anil Singhvi flagged ₹909–₹910 as an accumulation zone source. A close above ₹962–₹988 could open mean reversion toward ₹1,013. Weakness below ₹900 increases downside risk.
Trading approach and risk control
In oversold phases, many intraday traders prefer staged buying near support rather than chasing strength. For the hdfc bank share price, confirmation cues include RSI crossing 30, a higher low above ₹910, and a strong close. Risk is key: position sizes often cap loss near 1% of capital, with stops just below the nearest swing low to avoid outsized drawdowns.
Turnover of about 4.47 crore shares outpaced the 2.15 crore average, showing active participation. OBV is negative, signalling prior distribution, while MFI at 35.9 is weak but not extreme. For a durable low, we would watch for rising OBV, a pickup in up-volume versus down-volume, and a push above the 20-day average volume on green candles.
Fundamentals: Q3 FY26 context
Q3 FY26 profit rose about 12% YoY, with NIM at 3.35%, giving the hdfc bank share price a fundamental backstop amid volatility. The next earnings update is scheduled for 18 Apr 2026. Live market colour around recent moves is available via ET’s coverage source. We view steady profitability as helpful if technicals turn from oversold to neutral.
Key markers: PE 20.83, PB 2.59, dividend yield ~1.47%, EPS ₹43.97, book value per share ~₹367. Near-term baseline projections show ₹947.7 (1 month) and ₹1,022.6 (1 quarter), with a 1-year model near ₹1,004.3. The 50-DMA at ₹978.1 and 200-DMA at ₹979.3 are pivotal trend gauges. Closes above both would strengthen the bull case.
Risks and near-term triggers
If the hdfc bank share price closes below ₹900, selling could stretch as sentiment weakens. Rising funding costs, slower deposit growth, or higher credit costs may weigh on margins. Global risk-off, bond yield moves, or local policy headlines can add swings. Oversold conditions can persist, so technical relief is not guaranteed without confirmation on price and volume.
We watch for RSI moving above 30, then 40, and for closes above ₹962 and ₹988 to confirm momentum repair. A reclaim of the 50-DMA and 200-DMA near ₹979 would improve trend quality. Monitor daily ATR for volatility cooling, deposit and loan growth updates, and any RBI or macro cues that could shift banking sector sentiment.
Final Thoughts
For Indian investors, the setup is simple. The hdfc bank share price is oversold by multiple gauges, while Q3 FY26 profit growth and a 3.35% NIM provide a supportive backdrop. Traders may look for confirmation signals such as RSI above 30, a strong close over ₹962–₹988, and rising up-volume. A move above the ₹979 area, where the 50-DMA and 200-DMA cluster, can validate a trend repair. On the flip side, daily closes below ₹900 would argue for patience. Our takeaway: let price and volume confirm, use tight risk controls, and align any short-term trades with the larger fundamental view.
FAQs
Is the hdfc bank share price oversold right now?
Yes. The daily RSI is near 28.8, which is in oversold territory and follows a recent dip to the low 20s. Other oscillators like CCI and Williams %R also signal stress. Oversold does not mean a guaranteed bounce. We prefer waiting for RSI to move above 30 with supportive price action.
What are key support and resistance levels for HDFC Bank stock today?
Near-term support sits around ₹909–₹910, highlighted by market expert commentary, with psychological support near ₹900. Resistance zones cluster at ₹962 and ₹988, which align with Bollinger references. A sustained close above ₹988 can set up mean reversion toward ₹1,013, while closes below ₹900 may invite further selling.
How did HDFC Bank’s Q3 results affect sentiment?
Q3 FY26 profit grew about 12% YoY, and NIM stood at 3.35%. These numbers offer a cushion for the hdfc bank share price as traders weigh a technical rebound. Solid profitability does not remove short-term volatility, but it can improve conviction if technical signals also turn positive in coming sessions.
Is this dip a buying opportunity for long-term investors?
Long-term buyers often prefer high-quality banks during weakness, but timing matters. We would look for stability above the ₹962–₹988 band, healthier volume trends, and clarity on earnings on 18 Apr 2026. Staggered accumulation and strict risk sizing help manage uncertainty while fundamentals remain supportive.
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.
