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
results out- amazing
near all time high-amazing
price target updated by investment agencies-amazing
the stock seems to fly to new horizons lets catch it and enjoy the ride
NSE:HDFCAMC Analysis on a weekly timeframe!
Double Bottom Pattern in HDFCAMC!
RSI Divergence in HDFCAMC!
Entry = Above Neckline
Stop Loss = Below 2216.95
Target = 3344.40
Disclaimer = All my analysis is for Educational Purposes only. Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward...
#hdfcamc made a #breakout, #retested, now moving the targets. 2866 / 2979 / 3199 / 3365
Disclaimer: Make your analysis before any trade. Trade with conviction.
# HDFCAMC #
# SHORT TERM VIEW BEARISH #
# SELL - 3237 : 3174
This is not an investment advice and also please note this is only for education purpose.
So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
HDFCAMC is giving good opportunity to enter for long term. the entry was missed last time, and this is another try we are giving.
R/R ratio is mentioned in chart..
*POSITIONAL TRADE*
BUY HDFC AMC Between 3000-3300
SL 2650
Target 1: 4500
Target 2: 5150
Trade as per your risk rewards
Accumate in every deep
Stock may breakout any time so give
range to add one can enter at CMP.
I am forecasting in the Middle of Weekly close , Which suggest there will be slightly variation on Weekly closing of the Price
The Visual Pattern suggest based on Wave Theory , that it has still one more down move due before any strong rebound in the Trend direction and Bias
One can Look to book current holdings using Trailing stop Methods or Methods you know...
If Fundamentals are good one can keep accumulating this one as an SIP for couple of months between 1750-1550.
Can easily double up from here.
Good Monthly Demand Patch.
The stock was in in down trend as u can can see marked with arrow, on the weekly chart, we can see a positive crossover alongwith volume built in next coming days, and stock crossed centre line of MACD, so point is this, we need to identify these type of stocks which can be bought at lower level for next 8 to 10 months.
HDFC AMC is looking for great buying opportunity after forming descending channel lined up with the double bottom formation expecting target to reach at 3400
Stock has good potential to move up from this level.
There is a CWH breakout happened on Friday.
As per SMC concept also, there is a clear cut CHoCH and minor BoS which supports this.
Trend is up.
Fundamentally, stock has good ratios.
AMC stocks should give a run up when nifty is making new high as their profit will increase accordingly.
