HDFC Bank has staged a notable recovery after testing key support near the Rs 680 level, successfully breaking above the upper trendline of a falling wedge formation on the daily charts. Accompanied by improving technical momentum indicators such as the RSI and MACD, the stock is drawing attention from short-term traders tracking potential upside targets between Rs 770 and Rs 830 over a 3 to 4-week horizon.
Following a peak of Rs 1,020 on October 23, 2025, the private sector lender underwent a significant correction before closing at Rs 735. Market analysts suggest this technical setup presents a tactical opportunity for high-risk profiles following a nearly 30% pullback from its highs.
