fundamnetally NegATIVE TO NEUTRAL (SHORT TERM/6 MONTH)
TECHNICALLY on levels looks weak and can slide further
invalid if 2850 /2900 kicks out and sustain
long term buy beautiful at 1450 to 1600 bracket
I am really overwhelmed with the response for HDFC BANK! This analysis is on a viewer's demand. HDFC Asset management Services is seen to follow a steep channel and is continously Higher Highs and Higher Lows which shows a depth that it was trying to keep itself up (short term) in the mean time. With due today's market sell off, HDFC AMC has witness a significant...
One can wait for current Consolidation , time wise it will take around another 2 Months to make to the forecast low ,
Look for reversal and strong close on daily before going long , and Exit near the 3400
wait for the set up to form
HDFC Asset Management Co. Ltd. engages in the provision of asset management services. It also offers portfolio management and advisory services to clients. The company was founded on December 10, 1999 and is headquartered in Mumbai, India.