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