LIFE
LIVE MARKET VIDEO - WHY I BOUGHT HDFC AMC AFTER IT FELL 6%!!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 & Educational purposes only and not an advice.
Happy X !
Umesh
29-9-21
Ibul, Ready for supply?Ihave mentioned things.
Either breakout and boom
or a downside?
or a fake breakout which i hope doesnt take place.
Buy ICICI Pru above 360+, high risk-reward ratioThe 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.
Bottom line
Enter @ 360+
Stoploss -345
Potential + 450
Key resistance on path - 385/ 395 - previous pivots
Risk reward: 15:60 - i .e. at least 1:4 assuming target of around 420 (use trailing stop loss rather than a target)
Overall bullish bias driven by the strong fundamentals of the stock - making it s a very safe bet in an up-trending nifty!