DAILY TECHNICAL ANALYSIS - Bullish Wedge BreakoutHDFC AMC (HDFCAMC) — DAILY TECHNICAL ANALYSIS
📅 Date: June 7, 2025
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🔹 Price Action Summary:
• Closed @ 5087.5, up 4.13% from previous close
• Closed near the day’s high (5157.8) — strong session with decisive buying
• Bulls took control after a steady climb — volume confirming intent
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🔹 Chart Pattern:
• Bullish Wedge Breakout — classic reversal breakout indicating potential upside continuation
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🔹 Why Watch This? – Technical Indicators:
This breakout isn’t standing alone — strong confluence adds conviction:
✅ Bullish Momentum
✅ 52-Week Breakout
✅ Short-Term Breakout
✅ Swing Trade Setup
✅ Buy Today, Sell Tomorrow
✅ Next Day Intraday Signal
✅ RSI Breakout
✅ Bollinger Band Breakout
✅ TTM Squeeze — Possible Expansion Phase
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🔹 Support & Resistance Levels:
• Resistance:
- R1: 5223
- R2: 5359
- R3: 5560
• Support:
- S1: 4886
- S2: 4685
- S3: 4550
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🔹 STWP TRADE ALERT:
• Long Entry Idea: 5157.8
• Stop Loss (DCB): 4814.25
• Swing Stop Loss: 4719.25
• Reward Ratios: 1:1 | 1:2 | 🔼 Trail further if momentum builds
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🔹 Watchlist Grade:
🔥🔥🔥 (Breakout on Higher Timeframe + Momentum Setup)
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🔹 Strategy Note:
• Breakout from falling wedge = bullish reversal on strong structure
• Ideal setup for Swing and Short-Term Momentum Traders
• Watch for sustained move above 5157.8 — confirmation matters
• Pullback zone between 5040–5070 can offer low-risk entry
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⚠️ Risk Management Tip:
• Don’t chase after the breakout — wait for setup confirmation
• Stick to your defined entry, SL, and target zones
• As prices move into overbought areas, risk discipline is crucial
• Focus on protecting capital — consistency > big wins
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📢 Disclaimer
This content is for educational and informational purposes only.
It is not investment advice or a recommendation to buy/sell.
Stock market trading involves financial risk.
Always consult a SEBI-registered advisor before making any trading decisions.
The author is not SEBI-registered and cannot be held responsible for any losses.
Trade responsibly and do your own due diligence.
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👇 What’s Your View? – Let’s Discuss in Comments:
• Are you tracking HDFCAMC after this wedge breakout?
• Will it hold above 5157.8 or face selling pressure near R1?
• Share your view or chart — we grow better together!
💡 Let’s learn and improve as a trading community.
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🧠 Trade with Patience. Trade with Confidence.
🔔 Follow @simpletradewithpatience for more such actionable insights
