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tradingwiz
Jan 18, 2020 2:59 PM

HDFCAMC POSITIONAL VIEW Long

HDFC ASSET MANAGEMNSE

Description

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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