Key Events This Week
27 Jan: Mildly bearish momentum amid technical shifts
28 Jan: Death Cross formation signals potential bearish trend
29 Jan: Bearish technical shift amid mixed momentum signals
30 Jan: Mixed technical signals amid price momentum shift
27 January: Mildly Bearish Momentum Amid Technical Shifts
On 27 January, HDFC AMC closed at Rs.2,436.65, a modest increase of 0.15% from the previous close, despite technical indicators signalling a shift from sideways to mildly bearish momentum. The stock traded between Rs.2,423.00 and Rs.2,537.85, remaining well below its 52-week high of Rs.2,965.00. Key technical tools such as the weekly MACD and Bollinger Bands suggested increased downside risk, while daily moving averages showed mild bullish support. The Mojo Score stood at 55.0 with a Hold rating, reflecting a cautious stance amid mixed signals.
28 January: Death Cross Formation Signals Potential Bearish Trend
HDFC AMC formed a Death Cross on 28 January, a significant technical event where the 50-day moving average crossed below the 200-day moving average, often interpreted as a bearish signal. Despite this, the stock closed strongly at Rs.2,478.35, up 1.71% on the day, outperforming the Sensex’s 1.12% gain. The Death Cross indicated weakening medium- to long-term momentum, corroborated by bearish daily moving averages and a bearish weekly MACD. The stock’s premium valuation, with a P/E ratio of 36.94 against the industry average of 22.06, added to the cautious outlook.
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29 January: Bearish Technical Shift Amid Mixed Momentum Signals
The stock continued to face technical headwinds on 29 January, closing at Rs.2,542.95, up 2.61% intraday but with momentum indicators shifting from mildly bearish to bearish. The daily moving averages remained bearish, and the weekly MACD stayed negative, signalling increased downside pressure. The Relative Strength Index (RSI) hovered in neutral territory, suggesting no immediate oversold conditions. Despite the short-term weakness, HDFC AMC’s long-term returns remained strong, with a three-year gain of 158.9% compared to the Sensex’s 38.79%. The Mojo Grade remained at Hold, reflecting the cautious technical outlook.
30 January: Mixed Technical Signals Amid Price Momentum Shift
On the final trading day of the week, HDFC AMC closed at Rs.2,517.85, down 0.99% from the previous day’s close. The session saw a notable intraday gain earlier, with the stock reaching Rs.2,555.00 before retreating. Technical indicators presented a complex picture: the weekly MACD remained bearish, while the monthly MACD was mildly bearish. Daily moving averages stayed bearish, but the On-Balance Volume (OBV) showed a mildly bullish weekly trend, indicating some buying interest. The stock’s Mojo Score held at 55.0 with a Hold rating, underscoring the mixed signals and the need for caution.
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Daily Price Performance: HDFC AMC vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-27 | Rs.2,436.65 | +0.15% | 35,786.84 | +0.50% |
| 2026-01-28 | Rs.2,478.35 | +1.71% | 36,188.16 | +1.12% |
| 2026-01-29 | Rs.2,542.95 | +2.61% | 36,266.59 | +0.22% |
| 2026-01-30 | Rs.2,517.85 | -0.99% | 36,185.03 | -0.22% |
Key Takeaways
Positive Signals: Despite short-term technical challenges, HDFC AMC demonstrated resilience with a 3.49% weekly gain and strong long-term returns, including a 34.8% one-year and 158.9% three-year performance. The stock’s premium valuation reflects investor confidence in its growth prospects.
Cautionary Signals: The formation of a Death Cross and bearish daily moving averages indicate potential medium-term weakness. Mixed momentum indicators and a Hold Mojo Grade suggest investors should monitor technical levels closely. The stock’s recent underperformance relative to the Sensex on certain days highlights volatility risks.
Technical Complexity: Divergent signals from weekly and monthly indicators, including MACD, Bollinger Bands, and KST oscillators, point to a consolidation phase with a bearish bias. Volume trends are mixed, adding to the uncertainty.
Conclusion
HDFC Asset Management Company Ltd’s week was characterised by a nuanced technical landscape, balancing short-term bearish momentum with longer-term strength. The stock’s 3.49% weekly gain, while positive, was accompanied by significant technical developments such as the Death Cross and bearish moving averages, signalling caution. Investors should weigh these mixed signals carefully, considering the company’s robust historical performance and current Hold rating. Close monitoring of key technical levels and volume trends will be essential to assess whether the stock can stabilise or face further pressure in the near term.
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