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HDFCAMC

HDFC BANK is done. Whats for HDFC AMC?I am really overwhelmed with the response for HDFC BANK! This analysis is on a viewer's demand. HDFC Asset management Services is seen to follow a steep channel and is continously Higher Highs and Higher Lows which shows a depth that it was trying to keep itself up (short term) in the mean time. With due today's market sell off, HDFC AMC has witness a significant downfall, breaking the channel and have also crossed danger red LINE. It looks weak to me and i suggest short from levels it break the triangle. In other words short or SELL below 2610 with SL 2637, targets are well awesome. I have mentioned three levels to book profits, depends on your mindset how much you can book. Level 1 is first target followed by L2 and L3. IF IT BREAKS L3 then we can see near downtrend soon. SO INTRADAY TARGETS ARE SELL BELOW 2610 SL 2632 for TARGETS 2578 and 2532 POSITIONAL - SAME SELL LEVELS WITH L1 L2 L3 targets. I wont suggest going for options in this, but do book profits at every level. Its better to have some profit than NONE! You can also ping me if you need analysis on particular stock. Ill try to do best Please do your own analysis before buying and do post if you guys get profit's!
NSE:HDFCAMCShort
by UnknownUnicorn4419591
6
H&S or Round Top - Both portend bearish outlook Price movement has formed H&S. However, right shoulder as we see at it is not pointed. Instead, it appears to be a round top in formation. Both portend a bearish outlook. RSI (daily) is 42 - Bearish. CMP is below 20 and 50 DEMA. Price movement will invalidate round top only if it moves above 3135 - 50 DEMA. Price outlook on a weekly and monthly time frames is still bearish. Therefore, current bearish outlook can be considered as correction Price has key support levels at 2929 on a weekly chart followed by 2834.
NSE:HDFCAMCShort
by datepuru