HDFCAMC | Potential pullback trade at the DZ

88
snapshot

STOCK TREND - BULLISH

MULTI TF ANALYSIS
==================
MONTHLY - Strong Uptrend
WEEKLY - Recent BoS breakout after consolidation
DAILY - NA


TECHNICAL ANALYSIS
===================
Stock Price is trading above [50, 100, 200] SMAs
RSI > [60]
Support/Resistance Zone - [4700 - 4864]
Demand Zone - [4984 - 5233.50]

Observation - Recent BoS breakout has been confirmed along with RSI and Volume confirmation on WEEKLY chart.


FUNDAMENTAL ANALYSIS
======================
Compounded Sales Growth - [33%]
Compounded Profit Growth - [26%]
Stock Price CAGR - [37%]
Return on Equity - [32%]

Note: The stock is currently fairly valued as Stock PE(29.05) > Industry PE(19.66).


POTENTIAL TRADE PLAN
=============
ENTRY - [5147]
SL - [4647]
TARGET - [6649]
RRR - [1:3]

Disclaimer: This chart study is for educational purpose only. Please don't consider this as an advice and kindly trade at your own risk.

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