Hello Guys , Today I Have The Technical Chart of HDFC AMC it is in the Double Bottom from a few days ago but now I think it will go Up because it has made a bullish signal after a very long bearish trend and now lets talk about the target . So its target could be 1812 . BTW It is Based on your Risk To trade on it or not and Don't Forget to Like the Idea and Follow...
Beautiful setup formation happened during Intraday in HDFC AMC.
When confluence of all happens on pull back... its time for big boom...!!!
Watch, Wait, Eagle Hunt...Repeat !!!
One Trade... One Kill !!!
NSE:HDFCAMC is continuously falling and time and again taking support around 2000. I will suggest here to buy at CMP for the target of 2370 in one month approx time.
Use your own discretion.
As we see it break the high volume area and neckline of inverted head and shoulder. We can go long above the trendline by keeping our stoploss below 2150.
NSE:HDFCAMC
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ,...
HDFC AMC has been one of the weakest charts/stocks coming out of the covid induced correction. I am hoping that the current levels can be held and it can perform in the future. However, it remains a wait and watch situation for me. NEUTRAL on this one.
