Hdfc amc analysis and chartThis share is trading and given close @ long term lower trend line.below 2063/2048 bears can have upper hands upto 1 st level 1971 & 2nd level 1886. Above closing of 2130 than 2200 is strong hurdle.. if crossed than 2306.as of now seems negative bias with d.side..( views for education purpose).Any trade decision pl.consult financial advisor.
HDFCAMC trade ideas
HDFC AMC looking ready to bounce from supportThere is a strong demand zone for HDFCAMC at 1950-2010 levels. Today, it gave a good 5% move by bouncing frok yesterday's low of 1990.
It might retrace at around 2050-2070 tomorrow.
RSI has gained strength at the support in both daily and weekly time frame.
Minimum target can be around 2450-2500.
This is just my personal opinion.Please don't trade on basis of this.
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HDFC is gaining excellent Tailwind.HDFC AMC is one of India’s premier asset management company with a Market cap of Rs.48552.9 Crores. Valuation wise it can be considered little expensive as it trades at a PE of 35.5 currently but the point to be noted here is that MFs, FIIs are increasing their stake in this company with no debt and Zero promoter pledge. Entry can be taken at CMP compounding can be done above 2337. The targets will be 2518 in the short to medium term. Long term target for HDFC AMC will be 2800+. Stop loss should be maintained at closing below 1990.
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