HDFCAMC
HDFC AMC - Nice Chart - Strong uptrendHDFC AMC making higher high & higher low, it is in uptrend since long time. Expecting it to move further.
I would like it to buy at next correction which would next higher low :), will wait for that. Current levels also good to buy if you want to hold it for longer time period.
HDFC AMC Trend & Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Appreciate via Liking and Commenting , which boost up my moral for More Post with perfect Entry Exit Target setup.
Wait for entry setup, if available then Long/short.
R:R is 4 to 6 times.
Entered HDFC Bank Long Buy PositionSuccessful Round Retest of Monthly Trend line and Strength is strong with Buy position.
Entry and Stop loss as shown in chart.
HDFC AMC giving good buy opportunityBuy Near 2000-2020 Stoploss 1950
Target 2250-2300
Reasons For Trade-1. Price coming near to support after good breakout
2.1970 is strong support on daily+ Monthly Chart
3.50 days EMA support near to 2000 levels on 4 hour chart
4.Fundamentally Strong Company
5.Risk Reward 1:5
HDFC AMC | Reaction for providing liquidity to FMPs temporary?With the news of HDFC AMC providing liquidity up to 500 crores to FMPs, the stock has fallen 6% at a point intraday. Price has temporarily bounced off from 38% FIB of previous swing. That level also being round number of 1800, it could well act as a support. Do notice the rising trendline. Chances are that the candle close could be above the trendline. Hence, it doesn't look good to initiate new shorts unless 1800 is broken.
In fact, from Risk-Reward perspective its a good bargain to go long with stops below 1800.
NRB BEARING (BULL, MEDIUM TERM)Prefer to Buy to any dip around 206 (Upto you to wait for the dip or enter now, I would wait)
Target 230
SL 189
1. Bollinger bands bullish expansion with OBV confirmation
2. Last month HDFC mutual fund bought 10.60 Lac shares at avg price of 184
3. Currently in new highs territory
HDFC-AMC The newbornAfter its listing a couple of weeks ago, it made a nice round bottom, and resting the previous high levels. Awaiting for a breakout/Reversal
