HDFC AMC LONGThis 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.
HDFCAMC
HDFC AMC BreakoutAMC - 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
HDFCAMC is looking bullish..!!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 investment.
**This is only for educational purpose you can also share your thoughts on the comments
HDFCAMC trading in channelHDFC 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 channel on lower side.
HDFC Asset Management Company (HDFCAMC) - Steadily moving up...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.
Yes Found Another For You 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.
We are not SEBI Registered so the total risk is yours we are here to aware you about charts
NEXT MOVE ?HDFC AMC seems a very sharp fall from last many sessions what I observed is that it is created a perfect example of Descending triangle pattern on daily chart so I try to made that triangle on daily chart now adding into watchlist will go through for a trade by this triangle pattern, one more thing I want to add in this that volumes are drying from many sessions so the thing should remember is that whatever will happed it has to happened with rising volumes whether it is a breakout or breakdown.
Note- This is for educational purpose only this is not a buy sell recommendation in this.
HDFC BANKWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..