Technical Analysis HDFC Asset Management Co. Ltd. (HDFCAMC)

The stock $HDFCAMC is currently showing high volatility. After reaching its peak above ₹2900 it faced a sharp correction. Recently it attempted a recovery towards the ₹2800 level but faced heavy selling pressure rejection pushing it back down to the ₹2500 level. The short-term trend leans bearish as it is forming lower highs. Immediate Support the strong support zone is between ₹2350 and ₹2400. If the price breaks below this the next major base is near the ₹2200 level, which acted as a strong bottom previously. Immediate Resistance the stock will face selling pressure around ₹2700 to ₹2800. It needs to break and close above ₹2800 to resume a clear long-term uptrend. For short-term buyers it is best to avoid fresh entries right now due to weak momentum and selling pressure. You should look to buy near the ₹2350–₹2400 support zone with a strict stop-loss below ₹2300 or wait for a clear breakout above ₹2750. Existing holders should patiently hold their positions since the core support remains intact.