HDFCAMC
HDFC AMC - Long term potential Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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.
Simple Trade Setup | HDFCAMC | 27-12-2021 [ INTRADAY]NSE:HDFCAMC
Observations:
1) On 1 week time frame, we can see that immediate resistance level is at 2400 and immediate major support is at 2250-2256 level range.
Please refer below chart : 1 week Time Frame.
2) On Daily time frame, it is still trading below 200 and 400DMA.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 27-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:HDFC BONSE:HDFC
#NSE:HDFC trading bullish and reached resistance level, high chances to BO
Post confirmation may try 2800 CE
Good above 2826.
#SANCO SANCO #NIFTY #BANKNIFTY #FINANCE #NFT #BTCUSD #MATIC #NSENSE:SANCO
Sanco Industries Ltd.
NSE:SANCO
CMP: 10.10
Target: 13 ++
SL: 8.60
Timeframe: < 6 months
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
HDFC AMC case studyHDFC AMC spot CMP :- 2780
Study :- Elliot wave + Chart Patter + Price Action
Time Frame :- Weekly
Symmetrical Triangle structure formation on weekly time frame, with demand line around current levels.
Demand zone as per price action, retest of previous breakout levels, basing formation.
Elliot wave :- Counter is trading in minor intermediate wave iii of major wave 3, current price levels have confluence demand levels as per price action and chart pattern. continuation of intermediate wave iii can be seen from current levels.
HDFCAMC 4600 ?? Possible if the bears sleepThanks to a friend and mentor, I looked at this share.
Iski term life policy toh maine bhi lee hai, Second wave main senti hokar lol
Very large target of 4600+
This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
HDFCAMC Daily Chart Analysis Long Term and Short Term ViewHDFCAMC Daily Chart Analysis Long Term and Short Term View
- Accumulating Volume for very long
- A good volume can lead it to breakout to touch
4000 soon
- Breaking the triangle would lead to fill the gap
- Resistance zone at 3300-3400
- Support at 2700-2800 zone
For short term
-take entry around 2930 for the
-target of 3000-3050
-with sl of 2880
Long Term
-Keep HODLING GOOD STOCK
*Just my view not an investment advice*
LIVE MARKET VIDEO - WHY I BOUGHT HDFC AMC AFTER IT FELL 6%!!In this video, I share my basis for buying the shares of HDFC AMC at 2882 today morning after it fell from 6%.
If you recall, yesterday, I had shared a video why should one invest in AMC of Fund Houses rather than their MF schemes and today is a classoc example of why one should invest in its equity.
I hope you like this video which is for Information & Educational purposes only and not an advice.
Happy X !
Umesh
29-9-21