HDFCAMC - Inverted head and shoulder - Breakout

technical analysis of the HDFC AMC LTD chart you've shared.

Looking at the price action, potential Inverted head and should pattern forming, which is generally considered a bullish sign.

Here's a simplified breakdown:

Head: Notice the rounded bottom shape that formed roughly between Dec 2024 and early April 2025. This suggests a period of consolidation before a potential upward move.

Handle: After reaching a high around ₹4,607, the price has pulled back and is now consolidating in a smaller downward sloping channel (highlighted by the yellow lines). This pullback is forming the "handle" of the pattern.

Breakout Level: The horizontal line you've drawn around ₹4,705 acts as a resistance or neckline. A sustained break above this level could signal the completion of the cup and handle pattern.

Target: Potential target around ₹5,901. This target is often estimated by measuring the depth of the head and adding it to the breakout level.
In simple terms:

The stock price went down, formed a rounded bottom (the head), then went up and is now taking a small dip (the handle). If it breaks above the ₹4,700 level, it might head towards the ₹5,901 area.


Overall, this chart suggests a potential upward move for HDFC AMC if the cup and handle pattern is confirmed with a breakout above ₹4,700.