HDFCAMC Is Something Cooking ?Hello Friends,
From last few weeks HDFCAMC is making some unusual moves which indicates that there's something happening. Around 1900 there's some big buying emerged as we can see on the charts. Currently HDFCAMC is trading on 2498.60 NSE.
The pattern is bullish, as the market is witnessing a selling pressure from last many days this particular share is trading on a flat to positive price as visible on charts.
One can buy this script for a longer time as well as a trading opportunity.
"Stop losses can be deep just to avoid the volatility in the market."
Following Trade Positions can be made in HDFCAMC:
1 - In cash the stock can be bought for a target of 2765 in September with a stoploss of 2417
2 - In futures the stock can be bought for a target of 2745 in September with a stoploss of 2407
3- Options CE 2500 September Expiry trading at 55 can be bought for a Target of 175 with a stop loss of 27 INR
Disclaimer - REGISTERED SUB BROKER IN NATIONAL STOCK EXCHANGE.
