HDFCAMC - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.7

Here’s a comprehensive technical analysis of HDFC Asset Management Company Ltd (HDFCAMC)

📈 Trend Analysis

Current Price (₹5,850) is above both 50-DMA (₹5,546) and 200-DMA (₹4,846) — confirming a strong bullish trend.

52-week Index at 96.8% indicates the stock is trading near its yearly high (₹5,928), showing momentum continuation.

Trend Status: Trending upward, with potential for a breakout beyond resistance.

🔍 Momentum Indicators

RSI (61.5): In the bullish zone, suggesting continued strength but approaching overbought territory.

MACD (66.0): Strongly positive — confirms bullish crossover and trend acceleration.

Volume: At 1.62L, slightly below 1-week average (1.79L) — indicates steady interest, though not euphoric.

📊 Chart Patterns & Moving Averages

Price is well above key moving averages, reinforcing bullish sentiment.

Support Levels

₹5,546 (50-DMA)

₹5,300 (recent swing low)

₹4,846 (200-DMA)

Resistance Levels

₹5,928 (52-week high)

₹6,000–₹6,100 (psychological breakout zone)

📉 Bollinger Bands

Price is near the upper band, indicating short-term overextension.

Bands are expanding, suggesting volatility and strength in the current move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 5,500–5,600 Near 50-DMA and swing support

Exit (Short-Term) 5,950–6,100 Resistance zone, potential reversal

Stop Loss 5,300 Below swing low and trendline

🧭 Summary

Trend: Bullish

Momentum: Strong and accelerating

Volatility: Expanding, with breakout potential

Strategy: Accumulate on dips near ₹5,500–₹5,600 with target ₹5,950–₹6,100. Monitor RSI for signs of exhaustion and MACD slope for continuation.

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