HDFCAMC trade ideas
HDFCAMC - 1D TF - Inverse Head & ShouldersInverse Head & Shoulders pattern forming on Daily Chart of HDFCAMC. BUY 2530, SL 2399.9, Target(s) - 2620, 2650, 2670. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
HDFC AMC: algo signal demonstrationHOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position.
4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X.
5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low.
While maintaining the position :
6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position.
Exiting the position:
7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately.
10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal.
No Trading Zone:
11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
Buy HDFCAMC for long termBuy HDFCAMC at 2190
SL 2098
Target 2400, 2575 and 2750 and more as per Fib levels
Buy HDFC AMCBuy Hdfc Amc ....If Daily Candle Closes above 2530 then Buy with Stoploss of 2350 for the Target of 2800 and 3000
All levels are on Closing Basis..
Its a Inverse Head & shoulder Pattern...Breakout Level is 2530
Inverse head and shoulder in HDFC AMC (If Neckline is broken)HDFC Amc about to break it's Inverse Head and Shoulder pattern.
Please keep in mind that although it is showing signs of BO, It hasn't closed above the neckline.
Once the neckline is broken Long position can be take at the close or risk-averse traders can take an entry after a retracement to the neckline.
HDFC ASSET MANAGEMENT 1D ChartPlease enter the trade once u get a proper breakout or reversal from the levels, Do not hesitate to contact me with any queries. Kindly support my views. Thanks
HDFCAMCReversal : HDFCAMC : 16% Upside possible
Stop Loss : 2300 close base
Risk is yours and Reward is too yours totally
swing trade HDFCAMCGo long (buy in betn range 2275-2290)for target according to chart maintain SL @2250
Buy HDFC AMCBUY HDFC AMC Stoploss 2264
Trndline Break + Cup & Holder Pattern Visible...Minimum 5% Move can be seen in this Stock
STOCKS FOR 9-Nov RBLBANK, BANDHAN, BAJAJFINSV, HDFCAMC, AMARAJABFollowing are best bullish picks 9th Nov. For bearish picks & live trades, check details below.
1. RBLBANK
2. BAJAJFINSV
3. BANDHANBNK
4. HDFCAMC
5. AMARAJABAT
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
