CWH Breakout in HDFCAMC

Updated
Stock has good potential to move up from this level.
  • There is a CWH breakout happened on Friday.

  • As per SMC concept also, there is a clear cut CHoCH and minor BoS which supports this.

  • Trend is up.

  • Fundamentally, stock has good ratios.

  • AMC stocks should give a run up when nifty is making new high as their profit will increase accordingly.
Trade active
T1 reached.
Note
Stock is making new HH and HL. Some stocks can be accumulated at this level.
Trade closed: target reached
T2 achieved.
Chart PatternsTrend Analysis

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