Warning-
as we can see that after a recent sharp upmove, HDFCAMC is now entering a stretched zone near resistance levels, which increases the probability of short-term pullback. The stock is facing supply pressure near higher levels, and such zones typically trigger profit booking in asset management stocks.
On the technical front, RSI is currently around 64–65, indicating the stock is approaching overbought territory, where upside becomes limited and risk-reward shifts in favor of downside
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