HDFC AMC, Bearish
HDFC AMC has strongly bearish outlook with no support level working in its favor to arrest the downtrend.
Probably, the double top formed had a hammer affect on its pricing. On LTF, 1350 seems like the next
possible support. The stock has breached subsequent lower lows in past few weeks. At current pricing,
the stock is closer to its listing price of Yr 2018 (1739) when it had listed with 58% premium on offer
price of 1100.
Probably, the double top formed had a hammer affect on its pricing. On LTF, 1350 seems like the next
possible support. The stock has breached subsequent lower lows in past few weeks. At current pricing,
the stock is closer to its listing price of Yr 2018 (1739) when it had listed with 58% premium on offer
price of 1100.
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