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HDFCAMC

HDFC AMC - In strong support lineHDFC Asset management is in its strong support zone, wait for fo its breakdown and give entry on the downside, trade only it breaks the zone or else do not trade 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:HDFCAMCShort
by PrakWorld_Traders
HDFCAMC: A Bearish Trend" TECHNICAL ANALYSIS OF NSE:HDFCAMC The LAST CLOSE PRICE of NSE:HDFCAMC is 2947.95 . The PARABOLIC SAR is showing the DOWNWARD SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.382 at the FIBONACCI STOCK PRICE LEVEL of 2946.8. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 2968.08 with RESISTANCE 1 and RESISTANCE 2 at 2864.65 and 2796.85 respectively. The Key 50% FIBONACCI LEVEL stands at 2916.82 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not. The STOC RSI has the values 41.37 and D as 7.16 and 6.12 respectively. At this level it the status is OVER SOLD. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 24.28 and 6.06 at 42.69 along with HISTOGRAM showing values of -18.21, the STATUS is clearly DOWNWARDS. The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -1.23 and -0.95 with DOWNTREND as DOWNTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.8285 the STATUS is OVER SOLD. No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 47.42 which signifies its Price Level to be TOO EXPENSIVE. >>> RECOMMENDATION is : SELL ." Disclaimer: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:HDFCAMCShort
by finogent
Descending Parallel Channel in HDFCAMCTrying my luck in setting targets and SL for swings. Notes: NSE:HDFCAMC has been in a descending channel since the start of this year. This is the 3rd testing of the top channel and the candles are yet to show a clear rejection with a string shadow which would mean a bullish breakout is still an option. If it does break, I guess a retesting of the top as a support would be done near the 3120 levels which would be a good entry. SL could be placed at 3000 level quite conservatively (which would be around 3.8% from the entry). First target could be 3260 (4.5% from entry - Slightly more than 1 RR) and final target at 3365 (7.8% from entry - almost 2 RR). Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
NSE:HDFCAMCLong
by the_consolidation_guy
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
HDFC AMC - Short Term Tgt 3450 (& higher after a brief Correctn)Hi Folks, HDFC AMC has done 1 and 2 of the largest degree and is currently in the 1st up (of 1 smaller degree). Of this 1st wave up (of 1 smaller degree), we are currently in the middle of it's minor 3rd wave. Since the 161.8% fib projection of the minor 1 and 2 waves is roughly 3450 which somewhat coincides with the 50% fib extension of the 0-3 wave distance of yet 1 smaller degree, (refer the chart), I have fixed the Short term target at 3450. For Long term investors, this stock is anyways a Sweet Buy. Cheers !! Note : This view would be invalidated if the price breaks 2930, 2890, 2840 (61.8%, 78.6% and 100% ret of the latest up move) with force. So pls place your Stops accordingly.
NSE:HDFCAMCLong
by VIISHAL
HDFC BUY ZONE || 5% UPSIDE || CHANNEL + SUPPORT ZONE1. We started with a Daily Time Frame to check the trend ! Upside. 2. We switched to 4H time frame to find a channel pattern forming. 3. We switched down to 2H and 1H time frame to plot the support and resistance zones. 4. On hourly time frame we also got confirmation on RSI chart which shows an oversold zone. 5. We found that the current zone is the retest on channel resistance along with old resistance zone on Hourly chart. Also, we can see some long wicks forming on the lower side which means buyers are indeed active here & can be a good zone to buy for a good 5% move in a swing trade. ---------- Hi reader/trader ! The trade is posted here to make us all self-efficient and learn from our mistakes instead of learning from a trading paid course.No matter if we are in loss or profit, I promise to keep my loss short and trail the profits. Thanks for going through the analysis! Don't forget to hit that like button.
HLong
by Abhishek_TradersSin