We have been bullish on this IPO and had recommended this stock for buying in the IPO which was offered at Rs 100 and had achieved a high of 1900+ but the news of AMC companies fees being slashed by a directive played the spoil sport coupled with NBFC fiasco of DHFL and it hit a low of 1269.
However, once again the stock is in uptrend as news is accounted for in the price and one can hold HDFC AMC share to achieve a price target of Rs 1900+ in a one year time frame.Check the chart to understand the price action.The stock has strong positive momentum and further increase is indicated. Despite RSI above 70 we are bullish on the prospects of the stock and recommend it as a buy as a long term holding. Do remember to check our Delivery Tips and Best Intraday Tips to make money in the market.
However, once again the stock is in uptrend as news is accounted for in the price and one can hold HDFC AMC share to achieve a price target of Rs 1900+ in a one year time frame.Check the chart to understand the price action.The stock has strong positive momentum and further increase is indicated. Despite RSI above 70 we are bullish on the prospects of the stock and recommend it as a buy as a long term holding. Do remember to check our Delivery Tips and Best Intraday Tips to make money in the market.
