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.
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HDFCAMC
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..
HDFC AMCBREAKOUT RETEST ON HDFC AMC. AFTER A HUGE BREAKOUT IT COME DOWN TO RETEST ITS LEVEL . MAY BE IT WAS GONE IN TO SOME CONSOLIDATION PHASE AGEIN THEN IT WILL GIVE SOME GOOD MOVEMENT.
Disclaimer: I am not a financial advisor. Do not take anything as financial advice, ever. Do your own research. Consult a professional investment advisor before making any investment decisions!
Long Term Bullish - Target 2400, 3400 and 4800This is monthly chart hence its a long term target and there will be many corrections in between. Following are the possible targets in coming months or 2-3 years.
Target 1 - 2426
Target 2 - 3440
Target 3 - 4800 (if Market bullish and if it forms Cup and handle pattern on monthly chart)
Also on daily weekly chart this stock is forming cup and handle formation if it continues to current trend.
Looks positive.
HDFC AMC Come on DudeNSE: HDFCAMC
If Breaks Then The Targets could be Taken at 2108
Time Frame :- 1 Day
Patterns Name :- Double Bottom
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
Comment Below If You want to ask me questions on this on any other idea
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Made By MAYANKTECHRESEARCHING
HDFCAMC longPrice has shifted bullish weeks back but has yet to retest some demand zones.
It may not come back for retests but if it does, high RR trades are a given (refer to Tatamotors idea)
Stophunts just prior to the demand zone formations marked in color green add probability.
Note that the zones have been refined based on lower timeframes.
When price touches the demand zone, confirmation such as LTF shift in market structure will provide the entry.
HDFC AMC Technical Analysis 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 The Channel for Regular Updates and Regular Ideas and also Now i am again Going To Make Regular ideas Bye-Bye .
Time Frame :- 1 hour
Patterns Name :- Double Bottom
Stock Name :- HDFC AMC
Based on Your Own Risk this is only to Show you the Current Pattern .
We are not responsible for any profit or loss .
NSE:HDFC trading @ ResistanceNSE:HDFC
#NSE:HDFC trading bullish and locked upper circuit, breaking the circuit may result good moves.
Levels marked for practice.
Happy LEarning.