HDFC Bank Shares Plunge 5%: Buy Opportunity Before Q3 Results?

• HDFC Bank shares dropped over 5% in three sessions, hitting an intraday low of Rs 947.20 on January 7.
• The decline follows the Q3 FY26 business update, showing 11.9% YoY gross advances growth and 12.2% YoY average deposits growth.
• Experts like Ajit Mishra recommend 'buy' for long-term investors, citing strong fundamentals and a Rs 1,220 target.
• Technical analysts advise caution, noting the stock trades below its 200-day EMA, with resistance at Rs 965-970.
• Q3 FY26 earnings are due January 17, 2026, with Systematix Research estimating 11.2% YoY PAT growth.

Why It Matters: HDFC Bank shares dipped 5% post-Q3 update; experts see a long-term buy, but technicals warn of caution.