HDFCAMC 1 Day Time Frame

📊 Current Price & Context

1. Recent quoted price on several platforms is ~ ₹ 2,667 / ₹ 2,670 (on an adjusted basis, after its 1:1 bonus share issue) for HDFCAMC.
2. Historically (pre-bonus) the “old” nominal price was ~ ₹ 5,336–₹ 5,340.
3. The share is currently trading with valuation metrics: high P/E, high P/B (as per screener data) indicating it remains a premium/ high-valuation stock.

🎯 What This Means for Intraday / Short-Term Moves

If the price stays above the pivot (≈ ₹ 2,689), that suggests a short-term bullish bias; watch for a move toward the first resistance near ₹ 2,710–₹ 2,728.

If price slips below support ~₹ 2,652, the next downside targets are ₹ 2,635 then ₹ 2,614 — a break below those could open risk of further slide.

Holding above the pivot + a bounce off support (with volume) may indicate renewed upside momentum; conversely, a breakdown below support zones might suggest weakness.

⚠️ Special Context — Corporate Action Impact

The stock recently went “ex-bonus,” with a 1:1 bonus issue, meaning number of shares doubled and price was adjusted downward — which explains the division between older ₹ 5,300-plus quotes and newer ~₹ 2,600-₹ 2,700 quotes.

Because of this adjustment, comparing current technical levels with older price history needs caution — especially if referencing older support/resistance zones.