Stock is rising in an impulsive manner forming higher highs and higher lows. Any dip should be taken as buying opportunity for the upside target zone of 3800-4000 in the coming months.
NSE:HDFCAMC Analysis on a weekly timeframe!
Double Bottom Pattern in HDFCAMC!
RSI Divergence in HDFCAMC!
Entry = Above Neckline
Stop Loss = Below 2216.95
Target = 3344.40
Disclaimer = All my analysis is for Educational Purposes only. Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward...
*POSITIONAL TRADE*
BUY HDFC AMC Between 3000-3300
SL 2650
Target 1: 4500
Target 2: 5150
Trade as per your risk rewards
Accumate in every deep
Stock may breakout any time so give
range to add one can enter at CMP.
I am not holding HDFCAMC. You may book profits here
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently...
Hdfc amc elliot wave analysis complete 5 wave and downside complete abc and retracment down side 38% and break o- b trendline upside break out
buy 1855
stoploss 1800 target 200
HDFCAMC is near it's demand zone and looking a good buy @ 1860 - 1830 for a bounce.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
