18/10/2021 Research Report For HDFCAMCDisclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Buy Below 2970
Target 1: 3267
Target 2: 3320
Amclong
AMC price action analysisAMC's stock price corrected drastically after reaching all-time highs.
The bearish shark pattern correction seems to be completed and the hurdle is to break the trendline with huge volumes bouncing off of the demand zone.
The idea is neutral because there is a chance for collapse also. The breakdown below the demand zone completes descending triangle pattern. For the short covering move, it must cross and sustain the 48 price mark.
Patience is the key here. Wait for the confirmations to go long or short. For both long and short positions, targets are mentioned on the chart. Consider exiting at cost.
Happy trading.
This is not investment advice, Please consult your financial advisor before consulting.
AMC Long Idea Cup and Handle with Fib RetracementsAMC Consolidation on lower time frames has developed a nice Cup and handle Pattern on the Daily Chart. Looking to hold above the 0.5 for confirmation to see the 0.618 @ $13.31. Lots of options to keep an eye on this coming week with the sentiment leaning bullish. There is also news of Los Angeles AMC theaters opening Monday 3/15/2021, which can give AMC a push higher. AMC beyond the noise has risen a 100% in price within the last 30 day period. I would be looking for volume and price action Monday with a push higher. Dips will come but the potential long idea looks good. DD is important but not always factual. Please do not take this as trading advice, just my analysis based on chart pattern. Thank You and all feed back is welcome!