Technical Analysis HDFC Asset Management Co. Ltd.

The stock $HDFCAMC has been in a corrective phase since hitting a peak near ₹2950 in late 2025. It has consistently formed lower highs and lower lows indicating a prevailing bearish to sideways structure over the last few months. After a sharp decline in March where it found a major bottom near ₹2250 the stock staged a strong recovery back to ₹2850 before correcting again. Immediate Resistance the stock faces clear resistance in the ₹2650 – ₹2700 zone. A decisive daily close above this level is required to change the short-term structure to bullish. Major Resistance the structural peak sits around ₹2850 – ₹2950. Immediate Support the recent swing low near ₹2450 serves as a crucial short-term floor. Major Demand Zone the ultimate support lies at ₹2250 where intense buying pressure was witnessed previously. For short-term buyers the stock presents a high-momentum opportunity following the +6.74% volume-backed surge, making it an attractive buy on minor dips toward ₹2580 with a strict stop-loss below ₹2450 to target an immediate breakout toward ₹2700–₹2800. For existing holders, the strong price rejection from lower levels is a highly positive signal to comfortably hold the stock, as the major support at ₹2450 remains firmly defended keeping the broader recovery structure intact.