HDFC AMC LTDShort
HDFC AMC may correct
HDFC AMC stock is trading at a PE of 48, comparing it to its competitor NAM, the PE is around 37. Industry Avg is around 18
Assuming HDFCAMC readjusts to PE levels of 37 the price levels should be around 2500.
Weekly charts also suggest that the stock may test the levels of 2500 i.e.the lower line of triangle pattern formation.
Let me know what you think.
Assuming HDFCAMC readjusts to PE levels of 37 the price levels should be around 2500.
Weekly charts also suggest that the stock may test the levels of 2500 i.e.the lower line of triangle pattern formation.
Let me know what you think.
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