HDFCAMC Spot chart is forming inverse head and shoulder pattern. Break out with closing above neckline may give the marked target to validate this pattern successfully.
VIEW NEGATED BELOW - 2399 (DCB).
This analysis is only for educational purposes, Invest at your own risk!
A descending triangle pattern can be seen with the resistance line at price 803-804.
Going long at 813-814 an targeting to sell at around 850-855 can prove to be very profitable .
The Volume pattern can be seen to be stable a supportive with the above mentioned pattern.