Hdfc amc elliot wave analysis complete 5 wave and downside complete abc and retracment down side 38% and break o- b trendline upside break out
buy 1855
stoploss 1800 target 200
This weekly chart of HDFC AMC
ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
AMC - Asset management companies had a setback with the new Taxation policy on Debt products,
HDFC AMC also suffered however it is bouncing back, and still has a lot a bounce left after this resistance
Buy above 1711 for good R;R, as per Drawing on the chart , this is April Future Chart
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
HDFCAMC in 2019 crossed 1800 levels, and its been 4 years, still trading at the same level.
1800 is an excellent weekly, yearly, monthly support.
by keeping SL as 1800, one can take long view in HDFCAMC.
Risk rewards ratio is 10.5, which is extrardinory in equity market.
** I AM NOT SEBI registered advisor please consult financial advisor for your...
HDFCAMC is near it's demand zone and looking a good buy @ 1860 - 1830 for a bounce.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Double bottom support on Regression Channel
Expecting a turn around these level
Disclaimer: This study is purely for educational purpose and should not be taken as any trading or investment advice.
HDFC AMC is trading in a channel and is negative short term - Short term target is 1974
If you see the channel bottom there is a heavy buying going on so breaking down of the channel on downside is a low probability. In case it breaks then level is around 1500 - 1000. (Closing below on monthly basis)
Long term target of 3300 is still intact if it doesn't break...
We can start accumulating the share from this level.
2290 is a recent level which should be achieved soon.
This return is close to 10% which is very good.
Only for educational purpose.
It's my personal view.
This is for educational purpose Only.
This is not buying or selling recommendations.
I am not sebi registered.
Please consult your financial advisor before taking any trade.
Thankyou.
HDFC AMC is trading near the demand zone & can be accumulated over time for the immediate target of supply zone and beyond
SL~ 1818 WCLBS
Pros: FII stake⬆️, highest ever sales, HDFC brand
Cons: stagnant EPS, declined AUM market share
Long HDFCAMC for Long term near 1800 with stop loss of 1740 on closing basis.
Following are likely target
Buy near 1800
Target 1 - 2700
Target 2 - 3300
Target 3 - 3800
SL 1760
It has been making higher lows and can see formation of a symmetrical triangle.
Key levels to watch between 2165 and 2220. Above 2220 can see price going up to 2376 which can act as resistance zone.
Further price action above that level can be deemed positive.
Keep a strict stop at 5-8%. Not a buy sell recommendation. Do consult your investment advisor.
Hello Everyone, Today i am again with a new stock HDFC AMC as you can it has made a double bottom and now it is ready for breakout and to be buyed. When you go to daily chart you will find a inverse head and shoulders pattern which also gives us more possibility to buy. Thanks pls do follow us and like this post also tell us that are you interested in it or not....
