Good buying opportunity in HDFCAMCWave 4 is almost finished in HDFCAMC.
We can see that a Flat Correction is getting over here.
Wave C of this Flat Correction is near 127%, where a 50% retracement level of the previous impulse is also present.
This creates a good buying cluster. The stop loss for this trade will be 61.8% (marked in red). As wave 4 will never reach this level, we can assume that this is a pretty valid level at which to put our stop.
This analysis is based on Elliott wave theory and Fibonacci.
This analysis is for educational purposes only.
Please always do your own research before you take any trade.
HDFCAMC
Is this stock potential? How can we trade? HDFC AMC All of the major index and stocks are trading in bearish structure. Market is potentially discounted and we can look for some buy opportunities.
Looking at HDFC AMC stocks, it is still trading in Bullish structure. For any buy setup we would wait for a Change of structure on lower timeframe , mostly on 15 mins.
Look for MSs on 15min and then we can target the daily recent high as future targets.
Trade safe. This is just for educational purposes.
Book Profits - Candidate for ShortsDisclaimer: This Analysis is not to be taken for trading or investment decisions.
Stock has rallied for last year without any break, it has touched previous life time high levels of year 2019.
It has touched the upper band of Regression trend when plotted from beginning
HDFC Asset Management Company Ltd - Long Setup, Move is ON...#HDFCAMC trading above Resistance of 3844
Next Resistance is at 5237
Support is at 2982
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
HDFC Asset Management Company Ltd - Long Setup, Move is ON...#HDFCAMC trading above Resistance of 3361
Next Resistance is at 3844
Support is at 2853
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Has HDFCAMC bottomed out?HDFC AMC has been in continuous downtrend from late 2019.
As we can see on the chart, the stock has recently bounced from a support level with good volumes.
The most interesting observation is a positive divergence in RSI during the bounce which might be an indication that stock has bottomed.
On Friday, good buying with high volumes has been observed with a bullish candle, almost a marubozu.
This stock has an immediate resistance at 1950 so it is better to buy the stock at around 1800-1810 levels for a better risk reward.
Kindly trade as per your own analysis. This idea is shared for educational purposes.
HDFC AMC_ Breakout may be possible in near futureDisclaimer: I already have open position which I will exit or not exit (it depend upon how the price react near resistance)
The breakout is yet to happen. If the breakout successful, I'll hold my open positions and/or add more qty. Otherwise I am ready to exit, provided there are some bearish signals.
If the share consolidate for at least 3-4 days, it can move on either direction very very fast.
There is risk involved or you can say one major hurdle in our trade will be "lower highs". Until and unless it crosses the previous "swing highs", it's the point of concern for this trade.
Triangle pattern breakout in HDFC AMC:- Alternative viewElliott Wave Analysis:-
As we said in previous view :-
"if the C wave was broken downside then the triangle may be in reverse and the fall will be the size of the A wave we marked."
2nd View took place and one correction wave was completed.
we may expect a retracement to the level of 2695 - 2720.
else we may expect an impulse move from here and we need to wait and watch the wave formation.
HDFCAMC Fall expectedI am not holding HDFCAMC. You may book profits here
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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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.
HDFC AMC - Seems Bullish with cup and handleHDFC AMC is making long term cup and handle pattern. Wait for the handle to break out for an amazing target.
Currently banks and financial services setor is doing great. Some stocks gace over 50% return in last one year. Keep an eye on RBI policy announcement..
Seeing impulse on HDFC AMCI’m impulse with this share. For long run we can hold on and slowly accumulate.
It may give a correction at this level or slight up ad then a low and then the impulse rally begins.
At end of the day Im impulse in this scrip unless any bad news arrive in the fundamental.
More Foreign investor and domestic investors are accumulating and less retail investor are in.
I’m not a SEBI advisor. Before taking any trade kindly consult ur financial divisor. I’m just sharing my view.
Your comments are most welcomed!…