HDFCAMC trade ideas
Hdfc amc completed 4th wave in elliot wave structure The second wave of the 5th wave has exactly retraced to the tune of.. 78% of wave 1 of 5th wave moving ahead we can put a sl at the swing low and expect it to move to a new life time high
HDFCAMC - Positional LongHDFC AMC is giving a Clear signal for positional Long basis Decreasing Vixfix and incresaing OBV
1st Target: 2430
2nd Target: 2500
HDFC AMC BUY CALL FOR SWING TRADERAny of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
Super strong trend in HDFCAMCInverted HnS Pattern on weekly chart. Also RSI showing early signs of a breakout with targets 2860(T1)/3843(T2) which forms the 127%-161% retracement levels. SL can be set below the head at 1935
Wave Count on HDFC AMC Observations:
-> Elliott wave (5 Wave count)
-> Major Resistance at 1972 turned in good support.
-> Used Cyclic Timeline (Probably trend reversal)
-> Short term major resistance at 2800
->Targets based on Fibonacci
Long HDFC AMCPrice action suggests that the long correction in HDFC AMC might be getting over. It can be bought around 2450 for a long setup.
SL: 2350 closing basis.
Note: Ideas for educational purpose.
Educational view / Expecting this / HDFC AMC LONG Buy at deep only
at 2401.00 /2320.00
Stop loss 2273.00
Target 2633.00/ 2640.00
Add in your port folio at this price for long term
[Positional] HDFC AMC Wedge Breakout!!HDFC AMC is forming a falling wedge, high chance of a breakout in this euphoric bull rally.
Buy above today's high 2420 with stop at 2310 for a target of 2800+.
Nice Risk to Reward of 1:8
HDFCAMC Buy Buy HDFC AMC at cmp 2340-2320 with SL of 2310 as closing basis.. for targets of 2390-2450
