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HDFCAMC POSITIONAL VIEW

Long
NSE:HDFCAMC   HDFC ASSET MANAGEM
Price Momentum is decreasing in Daily chart and the price is at Daily resistance area . Volume is also decreasing according to daily chart . Price is at thinnest part of Ichimoku Cloud and about to breach it.

If breached 3280 Convincingly , It could be a major Breakout. Otherwise it may reverse till 3200.

Long above 3280, SL 3235, Target 3345/3380
Comment: Made a high of 3285... But as mentioned that was not a convincing entry... waiting for buy to trigger

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