HDFC Bank presents a compelling risk-reward opportunity with a technical setup pointing to an 8% upside. The stock is forming a double bottom on its crucial weekly 89 EMA, showing positive RSI divergence, and Monday's session produced a strong bullish engulfing pattern, all indicating exhaustion of selling pressure and a potential reversal from bearish to bullish sentiment.

Rajesh Bhosale’s track record: 9 graded calls · 95% CI 19–73%

HDFC BankBullishCalled 16 Feb 2026Graded 19 Jul 2026
Verdict:MISS

HDFC Bank declined from ₹925.70 to ₹795.45, a decrease of 14.07%, which contradicts the bullish call for an 8% upside.

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