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HDFC AMC LTD
Long

Cup & Handle formation in HDFC AMC

By amarsharma1020
On a weekly timeframe HDFCAMC is trading near its resistance level. It has also created a typical cup & handle formation which indicates the bullishness in the stock. I will wait for a close near its upper band of the supply zone which comes around Rs.3360. After that a long trade can be initiated with a favourable risk to reward.
Chart Patterns
amarsharma1020

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