HDFC AMC - Bullish Flag & Pole Breakout (Daily T/F)Trade Setup
📌 Stock: HDFC AMC ( NSE:HDFCAMC )
📌 Trend: Strong Bullish Momentum
📌 Risk-Reward Ratio: 1:3 (Favorable)
🎯 Entry Zone: ₹485.00 (Breakout Confirmation)
🛑 Stop Loss: ₹4684.00 (Daily Closing Basis) (~6.1% Risk)
🎯 Target Levels:
₹4996.90
₹5111.40
₹5228.45
₹5348.45
₹5470.75(Final Target)
Technical Rationale
✅ Bullish Flag & Pole Breakout - Classic trend continuation pattern confirming uptrend
✅ Strong Momentum - Daily, Weekly & Monthly RSI >60 (Bullish zone)
✅ Volume Confirmation - Breakout volume 887K vs previous day's 431K (Nearly 2x surge)
✅ Multi-Timeframe Alignment - Daily and weekly charts showing strength
Key Observations
• The breakout comes with significantly higher volume, validating strength
• Well-defined pattern with clear neckline breakout
• Conservative stop loss at recent swing low
Trade Management Strategy
• Consider partial profit booking at each target level
• Move stop loss to breakeven after Target 1 is achieved
• Trail stop loss to protect profits as price progresses
Disclaimer ⚠️
This analysis is strictly for educational purposes and should not be construed as financial advice. Trading in equities involves substantial risk of capital loss. Past performance is not indicative of future results. Always conduct your own research, consider your risk appetite, and consult a financial advisor before making any investment decisions. The author assumes no responsibility for any trading outcomes based on this information.
What do you think? Are you watching NSE:HDFCAMC for this breakout opportunity? Share your views in the comments!
Breakoutsignals
IOC LONG (167-170), AT UPTREND SUPPORT LINE AND READY TO BLOWTechnical Analysis of Indian Oil Corporation (IOC) - Daily Chart
Note: I bought at 168 and find next major support at 155.
1. Support Zone: The stock has consistently found support around the 160-165 range, as indicated by the green arrows. This shows strong buying interest in this zone, preventing the price from falling further.
2. Volume Spikes: Noticeable volume spikes occurred when the price moved upwards, highlighted by the green arrows. This is a bullish indicator, suggesting increased buying activity and investor confidence.
3. Uptrend Support Line: The stock has been respecting an uptrend support line (blue), which indicates a gradual increase in price and a bullish trend.
4. Resistance Zone 1 (Purple): The stock faced resistance around the 180-185 range multiple times (red arrows). Although there were attempts to break out of this zone, they failed, indicating this area as a significant resistance level.
5. Resistance Zone 2 (Green): The next resistance level is around the 195-200 range. Breaking through this zone would signal further bullish momentum.
6. Short-term Target: The short-term target for the stock is around 189, which is just above Resistance Zone 1. If the stock breaks this level, it could see further upward movement.
7. Long-term Target: The long-term target is set at 225, indicating potential for substantial gains if the bullish momentum continues.
Conclusion
The technical indicators suggest a bullish outlook for Indian Oil Corporation, with strong support levels, volume spikes on upward movements, and potential breakout targets.
Disclaimer: I am not SEBI certified, and this is not financial advice. Always conduct your own research before making any investment decisions.
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