HDFC LIFE ANALYSIS
1.Near Daily trendline support
2.Response 65 EMA close
3.Volume falling price falling means stock strengthning may be reversal here
4.30 min hammer pattern
5.In daily time frame RSI can take support 40
6.10 % correction over
In this video, I share my basis for buying the shares of HDFC AMC at 2882 today morning after it fell from 6%.
If you recall, yesterday, I had shared a video why should one invest in AMC of Fund Houses rather than their MF schemes and today is a classoc example of why one should invest in its equity.
I hope you like this video which is for Information &...
The current price of 345+ is near the bottom with 360+ being the firm resistance level. If it crosses this level with conviction over short term, the potential is quite high due to the higher ceiling of previous cycles going upto +450.
Enter @ 360+
Potential + 450
Key resistance on path - 385/ 395 - previous pivots
Risk reward: 15:60 - i...