Overall Technical outlook

Price Summary

With a 4.11% jump, HDFC Asset Management Company Limited enjoyed a outstanding day in the stock market.
HDFC Asset Management Company Limited's stock started the year at 2468.9, climbed to a high of 2580.4, fell to 2432.0, and closed 4.11% up at 2570.3, with 1442351 shares traded on 2026-02-02.
In the 52-week period, the stock's peak price is 5892.0, and the lowest price recorded is 2429.7.
As per recommendations from 26 analysts, HDFCAMC's future price is expected to span between 2580.0 and 3620.0, with a mean price around 3059.9807.

Technicals

Support and Resistance: The current price of 2570.3 for HDFCAMC finds support at 2558.9 and resistance at 2674.7. These levels define a range in which the price might oscillate, with 2558.9 as a potential support and 2674.7 as a resistance level.
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Support/Resistance for HDFCAMC


Aroon: The current state of the AROON is neutral for HDFCAMC, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements.
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Aroon chart for HDFC Asset Management Company Limited


Bol. Bands: The BOLL BANDS is in a neutral stance for HDFCAMC, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand.
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Bolinger Bands chart for HDFC Asset Management Company Limited


Parabolic SAR: The PSAR maintains a bearish outlook for HDFCAMC, establishing a key resistance level that could limit further gains. This ongoing bearish trend suggests that the market may struggle to overcome this resistance, keeping upward movement subdued.
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Parabolic Stop and Reverse chart for HDFC Asset Management Company Limited


Stochastic: The STOCHASTIC is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move.
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Stochastic chart for HDFC Asset Management Company Limited


Tripple Moving Agerage: The moving averages for HDFCAMC for the 20-50-100 periods point to a bullish trend, but the slopes of the faster averages suggest this strength may be waning. The potential for a reversal is becoming apparent, as the shorter-term averages indicate that the upward momentum could be weakening, signaling a possible trend change.
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Tripple SMA chart for HDFC Asset Management Company Limited


When evaluating a company's technical indicators like price trends and trading volume, it's important to also assess its fundamentals. Key factors include the company's profitability, growth rate, and financial stability. Furthermore, considering the industry within which the company operates provides additional context, as factors like competition and market demand can affect performance. By combining this analysis, you can make more informed judgments about the company's future prospects.