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
Beautiful setup formation happened during Intraday in HDFC AMC.
When confluence of all happens on pull back... its time for big boom...!!!
Watch, Wait, Eagle Hunt...Repeat !!!
One Trade... One Kill !!!
NSE:HDFCAMC
Observations:
1) On 1 week time frame, we can see that immediate resistance level is at 2400 and immediate major support is at 2250-2256 level range.
Please refer below chart : 1 week Time Frame.
2) On Daily time frame, it is still trading below 200 and 400DMA.
Please refer below chart : 1 day Time Frame. ...
![HDFCAMC: Simple Trade Setup | HDFCAMC | 27-12-2021 [ INTRADAY]](https://s3.tradingview.com/i/iyErXZjM_mid.png "Simple Trade Setup | HDFCAMC | 27-12-2021 [ INTRADAY]")
