After completing its last trading session, HDFC Bank Limited (NYSE:HDB) dropped by -1.0% – here is what that looked like (as of 2019-12-24):
What’s the reason for these moves? To grasp this action better, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:
A Money Flow Index (MFI) of 50.423, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.014, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.53, an Accumulation/Distribution Index (ADI) of 1.53, an On-Balance Volume (OBV) of 3385.695, and a Chaiikin Money Flow (CMF) of 64.4. 16.4
So what do these technical indicators mean? Let’s see. Consulting Trading View, putting it all together gets the following:
That is what an analysis of technical indicators seems to indicate for HDFC Bank Limited (NYSE:HDB). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.