HDFC BANK is done. Whats for HDFC AMC?I am really overwhelmed with the response for HDFC BANK! This analysis is on a viewer's demand. HDFC Asset management Services is seen to follow a steep channel and is continously Higher Highs and Higher Lows which shows a depth that it was trying to keep itself up (short term) in the mean time. With due today's market sell off, HDFC AMC has witness a significant downfall, breaking the channel and have also crossed danger red LINE. It looks weak to me and i suggest short from levels it break the triangle. In other words short or SELL below 2610 with SL 2637, targets are well awesome. I have mentioned three levels to book profits, depends on your mindset how much you can book. Level 1 is first target followed by L2 and L3. IF IT BREAKS L3 then we can see near downtrend soon.
SO INTRADAY TARGETS ARE SELL BELOW 2610 SL 2632 for TARGETS 2578 and 2532
POSITIONAL - SAME SELL LEVELS WITH L1 L2 L3 targets.
I wont suggest going for options in this, but do book profits at every level. Its better to have some profit than NONE!
You can also ping me if you need analysis on particular stock. Ill try to do best
Please do your own analysis before buying and do post if you guys get profit's!
