Triangle pattern breakout The Triangle pattern is broken. Can be bought at restest at around 3050-3060. The target will be 3190. Stop-loss can be 2900
Please Like and follow!
Happy Trading :)
HDFCAMC trade ideas
HDFC AMC Cmp 3086 dated 15.7.2021HDFC AMC Cmp 3086 dated 15.7.2021
1. Darvas Box Pattern on chart.
Buy for a tgt 3350-3750-4030 SL 2850
It is just a view, pls trade at your own risk.
HDFCAMC, Risky Price Action Trade (Result Event)All levels mentioned on chart. Trade with reduced risk as can be voltile due to result declaration.
Thanks
Piyush Gupta
Learn & Earn
Buy HDFC AMCBuy Hdfc AMC Stoploss 2780 Target 3000-3100
Study: Demand & Supply Structure + Breakout Retest Structure
HDFCAMC - one strong buying session to push prices higher HDFCAMC- Hdfcamc is looking to go up further. Once it crosses 2950 decisively for couple of sessions , it should start moving higher.
HDFC AMC - In strong support lineHDFC Asset management is in its strong support zone, wait for fo its breakdown and give entry on the downside, trade only it breaks the zone or else do not trade
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
HDFC AMC can reverseHDFC AMC is poised to reverse as the RSI is about to touch low level of 39 and stock is at lower levels of trendline
If it reverses and breaks the triangular pattern it can give targets of 3300 & 3700 in 2-3 months.
HDFCAMC: A Bearish Trend"
TECHNICAL ANALYSIS OF NSE:HDFCAMC
The LAST CLOSE PRICE of NSE:HDFCAMC is 2947.95 . The PARABOLIC SAR is showing the DOWNWARD SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.382 at the FIBONACCI STOCK PRICE LEVEL of 2946.8. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 2968.08 with RESISTANCE 1 and RESISTANCE 2 at 2864.65 and 2796.85 respectively. The Key 50% FIBONACCI LEVEL stands at 2916.82 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values 41.37 and D as 7.16 and 6.12 respectively. At this level it the status is OVER SOLD. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 24.28 and 6.06 at 42.69 along with HISTOGRAM showing values of -18.21, the STATUS is clearly DOWNWARDS.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -1.23 and -0.95 with DOWNTREND as DOWNTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.8285 the STATUS is OVER SOLD.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 47.42 which signifies its Price Level to be TOO EXPENSIVE.
>>> RECOMMENDATION is : SELL ."
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
HDFC AMC for longHDFC AMC has seen increase FII & DII stake. Recently moved more than 10% with buying stake in IRB.
Descending Parallel Channel in HDFCAMCTrying my luck in setting targets and SL for swings.
Notes:
NSE:HDFCAMC has been in a descending channel since the start of this year.
This is the 3rd testing of the top channel and the candles are yet to show a clear rejection with a string shadow which would mean a bullish breakout is still an option.
If it does break, I guess a retesting of the top as a support would be done near the 3120 levels which would be a good entry.
SL could be placed at 3000 level quite conservatively (which would be around 3.8% from the entry).
First target could be 3260 (4.5% from entry - Slightly more than 1 RR) and final target at 3365 (7.8% from entry - almost 2 RR).
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
HDFC AMC ABOUT TO BREAK OUT FROM ITS SHORT TERM RESISTANCE LINEHDFC AMC WAS IN A CONTINOUS DOWNTREND FROM PAST COUPLE OF WEEKS. NOW IT IS ABOUT TO BREAKOUT FROM ITS SHORT TERM DOWNWARD TRENDLINE. WHAT MAKES THE CHART MORE POWERFUL IS THAT THERE IS AHORIZONTAL RESISTANCE TOO AT 2836.50 SO ONCE THE STOCK BREAHES 2836.50 WE CAN SEE A GOOD UPMOVE IN THE COMING DAYS
