HDFC Asset Management Analyasis on 18 Mar 24
Formation of cup and handle pattern
try to buy 1/3 of your total buying capacity
if comes down till 3100 to 3300 buy balance quantity (Pyramiding Concept)
Stoploss 2800
target 3500 - 3600 - 4000 - 4500
Cup and Handle Target 5000
price is at crucial level of resistance
MACD 12-26 contaction towards signal line
can move either side -wait for a decisive move
my view is bearish target aand SL marked .risky trade
Stock is rising in an impulsive manner forming higher highs and higher lows. Any dip should be taken as buying opportunity for the upside target zone of 3800-4000 in the coming months.
price stock is streching its valuation
double top formation in hourly chart
hourly charts 12-26 MACD negative divergence
also negtaive divergence on 3-6 MCD and12-26 MACD charts (dialy )
bit risky trade
target and stop loss marked
Long HDFCAMC for Long term near 1800 with stop loss of 1740 on closing basis.
Following are likely target
Buy near 1800
Target 1 - 2700
Target 2 - 3300
Target 3 - 3800
SL 1760
HDFC amc is now pick up momentum.
roce-32.3%.roe =24.5%.profit growth-16.6%.
debt free amc company
rsi above 55.
rs positive.
large volume seen .
be simple buy simple.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
Last time we discover@2000/2200/2800 again and again
Please check my old posts, now again bulish structure but after some consolidation visible on charts
#HDFCAMC trading above Resistance of 3844
Next Resistance is at 5237
Support is at 2982
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational...
#HDFCAMC trading above Resistance of 3361
Next Resistance is at 3844
Support is at 2853
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
HDFC AMC has been in continuous downtrend from late 2019.
As we can see on the chart, the stock has recently bounced from a support level with good volumes.
The most interesting observation is a positive divergence in RSI during the bounce which might be an indication that stock has bottomed.
On Friday, good buying with high volumes has been observed with a...
REVERSAL STOCK
BUY HDFCAMC 1955, for 2040 and 2070 and 2150
Invalid below 1850 on 2 day closing basis. Stock has breached 200ema with volumes. All mid cap laggards are bouncing sharply. Stock is underperformer, so keep it as trading view only
