July 16, 2025: HDFC Bank, one of India’s leading private sector lenders, witnessed steady gains in Tuesday’s trading session, with its share price reaching ₹2016.5, just shy of its 52-week high of ₹2027.4. The stock fluctuated between a low of ₹2014.2 and a high of ₹2021.9 during intraday trade, reflecting positive investor sentiment and strong technical indicators.
Short-Term Gains Signal Continued Strength
Over the past three months, HDFC Bank has returned 6.99%, with a 3.11% rise in the past month alone. The bank has also posted a modest 0.62% gain in the last 24 hours, reinforcing its upward momentum. In comparison, key competitor ICICI Bank saw a 5.47% gain over the last three months and 14.49% over six months, while HDFC Bank outperformed in the same periods with 6.25% and 20.73% respectively.
Technical Indicators Show Bullish Trends
HDFC Bank’s technical chart paints a positive picture. The 5-day Simple Moving Average (SMA) is currently at ₹1997.87, while the 10-day SMA and 20-day SMA stand at ₹1996.26 and ₹1979.38 respectively. The 50-day SMA sits at ₹1953.05, while the longer-term 100-day and 200-day SMAs are ₹1866.96 and ₹1801.2, respectively — all significantly lower than current market price, indicating strong bullish momentum.
The pivot level for the stock is placed at ₹1990.97, with key resistance levels at ₹2007.33 (R1), ₹2019.37 (R2), and ₹2035.73 (R3). On the support side, levels are seen at ₹1978.93 (S1), ₹1962.57 (S2), and ₹1950.53 (S3). A sustained breach above R2 could lead to new highs for the stock.
Sector Outlook and Analyst Views
The overall performance of the private banking sector has improved amid expectations of further rate cuts by the Reserve Bank of India, following a dip in retail inflation to a 77-month low of 2.1% in June. Analysts believe that these conditions are conducive for large private banks like HDFC Bank to continue their upward trajectory.
Comparatively, ICICI Bank — another heavyweight in the sector — has posted a five-year return of 315.05%, dwarfing HDFC Bank’s 87.82% during the same period. However, HDFC’s consistent growth, strong fundamentals, and favorable technical setup continue to attract long-term investors.