HDFCAMC - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.6

Here’s a detailed technical breakdown of HDFC Asset Management Company Ltd (HDFCAMC)

📊 Trend Analysis

Current Price: ₹5,628 is at its 52-week high, indicating strong bullish momentum.

DMA Positioning: Price is well above both 50-DMA (₹5,110) and 200-DMA (₹4,499), confirming a strong uptrend.

RSI (71.9): In overbought territory, suggesting momentum is strong but a short-term pullback could occur.

MACD (164): Strong positive crossover, reinforcing bullish sentiment.

Volume: Current volume (8.6L) is significantly higher than the 1-week average (4.8L), indicating strong accumulation.

📈 Chart Patterns & Indicators

Moving Averages

Price > 50-DMA and 200-DMA → Bullish

50-DMA > 200-DMA → Golden cross confirmation

Bollinger Bands: Price likely near or above the upper band, suggesting momentum breakout but also volatility risk.

Support Levels

Immediate support at ₹5,500–₹5,520 (recent swing lows)

Major support at ₹5,110 (50-DMA zone)

Resistance Levels

Psychological resistance at ₹5,700–₹5,750 (round number + recent high)

Extended resistance at ₹5,900–₹6,000 (projected trendline)

🚦 Momentum Signals

Short-Term Signal: Strong bullish

Trend Status: Trending upward, with breakout confirmation

Volume Trend: Rising volume supports sustained rally

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Zone 5,500–5,550 Near support, favorable setup

Breakout Buy Above 5,675 Confirmation of bullish continuation

Exit Zone 5,900–6,000 Resistance zone, profit booking

Stop Loss Below 5,450 Breach of key support

🧠 Final Take

HDFCAMC is in a strong uptrend, supported by bullish indicators and robust fundamentals (zero debt, high ROCE/ROE, rising PAT). While RSI suggests overbought conditions, the breakout above ₹5,675 with volume could push the stock toward ₹6,000+. A short-term pullback may offer a better entry, but the overall trend remains bullish.

Want to track this for breakout confirmation or compare it with another AMC stock?

Edit in a page