HDFC AMC surged post strong Q1 earnings but now faces resistance at ₹5,630, per analyst Anupam Bajpai. With RSI at 74 and prices above the Bollinger Band, overbought signals suggest a short-term pullback. Analysts advise caution; a breakout above ₹5,655 with volume may revive upside. Stock is up 33% YTD, with retail sentiment turning 'extremely bullish' after results.