📊 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.
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Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.