HDFCAMC: A Bearish Trend

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TECHNICAL ANALYSIS OF HDFCAMC

The LAST CLOSE PRICE of NSE:HDFCAMC is 2947.95. The PARABOLIC SAR is showing the DOWNWARD SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.382 at the FIBONACCI STOCK PRICE LEVEL of 2946.8. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 2968.08 with RESISTANCE 1 and RESISTANCE 2 at 2864.65 and 2796.85 respectively. The Key 50% FIBONACCI LEVEL stands at 2916.82 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.

The STOC RSI has the values 41.37 and D as 7.16 and 6.12 respectively. At this level it the status is OVER SOLD. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 24.28 and 6.06 at 42.69 along with HISTOGRAM showing values of -18.21, the STATUS is clearly DOWNWARDS.

The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -1.23 and -0.95 with DOWNTREND as DOWNTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.8285 the STATUS is OVER SOLD.

No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 47.42 which signifies its Price Level to be TOO EXPENSIVE.


>>> RECOMMENDATION is : SELL."






Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Bearish PatternsFibonacciHDFCAMCOscillatorsSELLTrend Lines

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