HDFCAMC - Symmetrical Triangle Pattern Breakout (High Risk)
The stock broke out of the pattern today, supported by high volumes.
Considering that the results are expected tomorrow, they can either play a spoilsport or add fuel to the fire and take the stock easily to its 52W high levels.
Supporting technicals:
RSI: 68 ( Bullish but not overbought)
MACD is above its center and signal Line, this is a bullish indicator
P.S: This idea is for educational purposes only and should not be construed as an investment advice.
Considering that the results are expected tomorrow, they can either play a spoilsport or add fuel to the fire and take the stock easily to its 52W high levels.
Supporting technicals:
RSI: 68 ( Bullish but not overbought)
MACD is above its center and signal Line, this is a bullish indicator
P.S: This idea is for educational purposes only and should not be construed as an investment advice.
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.