📊 Current Price & Context
1. Recent quoted price on several platforms is ~ ₹ 2,667 / ₹ 2,670 (on an adjusted basis, after its 1:1 bonus share issue) for HDFCAMC.
2. Historically (pre-bonus) the “old” nominal price was ~ ₹ 5,336–₹ 5,340.
3. The share is currently trading with valuation metrics: high P/E, high P/B (as per screener data) indicating it remains a premium/ high-valuation stock.
🎯 What This Means for Intraday / Short-Term Moves
If the price stays above the pivot (≈ ₹ 2,689), that suggests a short-term bullish bias; watch for a move toward the first resistance near ₹ 2,710–₹ 2,728.
If price slips below support ~₹ 2,652, the next downside targets are ₹ 2,635 then ₹ 2,614 — a break below those could open risk of further slide.
Holding above the pivot + a bounce off support (with volume) may indicate renewed upside momentum; conversely, a breakdown below support zones might suggest weakness.
⚠️ Special Context — Corporate Action Impact
The stock recently went “ex-bonus,” with a 1:1 bonus issue, meaning number of shares doubled and price was adjusted downward — which explains the division between older ₹ 5,300-plus quotes and newer ~₹ 2,600-₹ 2,700 quotes.
Because of this adjustment, comparing current technical levels with older price history needs caution — especially if referencing older support/resistance zones.
1. Recent quoted price on several platforms is ~ ₹ 2,667 / ₹ 2,670 (on an adjusted basis, after its 1:1 bonus share issue) for HDFCAMC.
2. Historically (pre-bonus) the “old” nominal price was ~ ₹ 5,336–₹ 5,340.
3. The share is currently trading with valuation metrics: high P/E, high P/B (as per screener data) indicating it remains a premium/ high-valuation stock.
🎯 What This Means for Intraday / Short-Term Moves
If the price stays above the pivot (≈ ₹ 2,689), that suggests a short-term bullish bias; watch for a move toward the first resistance near ₹ 2,710–₹ 2,728.
If price slips below support ~₹ 2,652, the next downside targets are ₹ 2,635 then ₹ 2,614 — a break below those could open risk of further slide.
Holding above the pivot + a bounce off support (with volume) may indicate renewed upside momentum; conversely, a breakdown below support zones might suggest weakness.
⚠️ Special Context — Corporate Action Impact
The stock recently went “ex-bonus,” with a 1:1 bonus issue, meaning number of shares doubled and price was adjusted downward — which explains the division between older ₹ 5,300-plus quotes and newer ~₹ 2,600-₹ 2,700 quotes.
Because of this adjustment, comparing current technical levels with older price history needs caution — especially if referencing older support/resistance zones.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.