Posted On: September 4, 2023

Stock Report: HDFCAMC(NSE) 01 Sep 2023

Outlook: BEARISH

Sector: Financial Services

Industry: Asset Management

HDFC Asset Management Co Ltd is an asset management company. The company is in the business of providing asset management services to HDFC Mutual Fund and portfolio management and advisory services to clients. Geographically, it derives most of the revenue from within India.

#xCalData predicts that # HDFCAMC will continue its bearish phase over the next five days and trend within the range of 2371 to 2512. 

In comparison to the previous month, the price of the stock has experienced a decline of 4.89% indicating a bearish.

The Stock has doubled once since 09 Oct 2018 and took an average of 0.9 years to double.

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 1 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely Trendline indicate Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

#xCalData is an exceptional app available for Android devices that offers unbiased insights into stocks, allowing investors to make informed decisions. With its user-friendly interface and comprehensive features, xCalData provides a valuable resource for anyone interested in the stock market.  Download the app from google play. 

For Actionable Intelligence, subscribe to xCalData app on Android devices: https://tinyurl.com/downloadxCalData

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