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HDFCAMC

HDFCAMCNote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:HDFCAMCLong
by SENSITRADE_T
1
HDFCAMC long opportunityNSE:HDFCAMC Hello all! HDFCAMC has been stuck in a triangle since Feb 2019. It has been consolidating ever since and has now finally broken the upper resistance trendline of the triangle. This I believe is a good place to go long. I have three major reasons for that. The first being pure price action i.e. a breakout with good volumes. Second, the stock has support from the strong 50 week EMA. Also if you switch to the daily TimeFrame, there is support from the 200 EMA as well. If you see closely, you can find that along with being stuck inside the triangle, it is also stuck in a channel. It is currently at the bottom of the channel and ready for a swing reversal. We can set the upper channel trendline as our target which will roughly be near the 3750 levels. Also, the Reward to Risk ratio is decent enough to go long! With a triple confluence coupled with booming nifty, chances of this trade failing seem really bleak!! Do let me know your views on this!! *NOT A CALL*
NSE:HDFCAMCLong
by Traders_Town
HDFCAMC - Symmetrical Triangle Pattern Breakout (High Risk)The stock broke out of the pattern today, supported by high volumes. Considering that the results are expected tomorrow, they can either play a spoilsport or add fuel to the fire and take the stock easily to its 52W high levels. Supporting technicals: RSI: 68 ( Bullish but not overbought) MACD is above its center and signal Line, this is a bullish indicator P.S: This idea is for educational purposes only and should not be construed as an investment advice.
NSE:HDFCAMCLong
by Yes2Profits