HDFCAMC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | HDFCAMC | Market Cap | 1,16,417 Cr. | Current Price | 2,716 ₹ | High / Low | 2,967 ₹ |
| Stock P/E | 40.7 | Book Value | 215 ₹ | Dividend Yield | 1.99 % | ROCE | 42.9 % |
| ROE | 32.9 % | Face Value | 5.00 ₹ | DMA 50 | 2,665 ₹ | DMA 200 | 2,603 ₹ |
| Chg in FII Hold | 0.46 % | Chg in DII Hold | -0.48 % | PAT Qtr | 623 Cr. | PAT Prev Qtr | 770 Cr. |
| RSI | 51.8 | MACD | 18.8 | Volume | 5,59,612 | Avg Vol 1Wk | 7,20,828 |
| Low price | 2,206 ₹ | High price | 2,967 ₹ | PEG Ratio | 1.56 | Debt to equity | 0.00 |
| 52w Index | 67.1 % | Qtr Profit Var | -2.42 % | EPS | 66.8 ₹ | Industry PE | 30.4 |
📈 Chart Patterns: HDFCAMC is trading near its support zone (₹2,665–₹2,716). The broader structure shows higher lows, with resistance capped at ₹2,967.
📊 Moving Averages: Current price (₹2,716) is above DMA 50 (₹2,665) and DMA 200 (₹2,603), confirming bullish undertone and medium-term strength.
📉 RSI: At 51.8, RSI is neutral, suggesting balanced momentum without overbought or oversold signals.
📈 MACD: Positive at 18.8, showing bullish crossover and potential continuation of upward momentum.
📉 Bollinger Bands: Price is near the mid-band, indicating consolidation with scope for breakout if volumes rise.
📊 Volume Trends: Current volume (5.6L) is below average weekly volume (7.2L), showing reduced participation but no major selling pressure.
⚡ Short-Term Momentum Signals: Neutral-to-bullish momentum; breakout possible if price sustains above ₹2,750 with volume support.
🎯 Entry Zone: ₹2,665–₹2,716 (support region).
🎯 Exit Zone: ₹2,900–₹2,967 (resistance zone).
🔀 Trend Status: Trending upward with consolidation; breakout likely if resistance is crossed.
Positive
- Strong ROCE (42.9%) and ROE (32.9%) highlight efficient capital usage.
- Dividend yield of 1.99% provides steady income.
- Price trading above both DMA 50 and DMA 200 signals bullish strength.
Limitation
- Quarterly PAT declined from ₹770 Cr. to ₹623 Cr. (-2.42% variation).
- High P/E ratio (40.7) compared to industry PE (30.4) indicates premium valuation.
- Decline in DII holding (-0.48%) shows reduced domestic investor confidence.
Company Negative News
- Profitability dipped in the latest quarter.
- Premium valuation may limit upside in near term.
Company Positive News
- EPS at ₹66.8 remains strong compared to peers.
- FII holdings increased (+0.46%), showing foreign investor confidence.
- Stock trading above key moving averages indicates strength.
Industry
- Industry PE at 30.4 vs. HDFCAMC PE at 40.7 shows premium valuation.
- Asset management sector benefits from rising retail participation in mutual funds.
Conclusion
HDFCAMC is trending upward with consolidation near support levels. Short-term traders may consider entry around ₹2,665–₹2,716 with exit near ₹2,900–₹2,967. Long-term investors should monitor earnings stability and sector growth before fresh accumulation.
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