One Multibagger Breakout Stock Name Revealed

We had recommended buying HDFC Asset Management Company Ltd with stock code HDFCAMC in Dec 2018 and had given it as a multibagger stock which can be seen by clicking the link of multi-bagger and thereafter stock has rallied fantastically and it has touched an all-time high. So, this is the power of catching a breakout stock at the right time to get good returns from investment stocks with a medium to long term perspective. As of now stock is again in bullish grip and is giving a fantastic move almost on a daily basis. The best part of such stocks is that they rise even on the days when Nifty is in a downtrend which shows real strength in the stock.

The stock is showing a strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. There is no resistance in the price chart and further rise is indicated. A word of caution is that the RSI above 70 shows that the stock has strong positive momentum in the short term, however, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. We use operator info coupled with technical analysis to arrive at an accurate stock tip for the day.

Multibagger Stock

Check the technical chart of the HDFCAMC stock chart below to get a true perspective of the meteoritic rise in the stock.