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HDFCAMC

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
HDFC AMC: algo signal demonstrationHOW TO FOLLOW ALGO SIGNAL: Deciding buy/sell 1.Strictly use only on 1 hour time frame. 2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity. Taking a position: 3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position. 4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X. 5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low. While maintaining the position : 6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position. Exiting the position: 7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter. 8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter. 9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately. 10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal. No Trading Zone: 11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
NSE:HDFCAMCLong
by TradingSutra
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