HDFCAMC trade ideas
HDFCAMC CASH : LONG TERM HOLD FOR 4300-4500 CMP 3300HDFC AMC - LONG TERM INVESTMENT CALL
10 FEB 2020
JUST BUY AND HOLD HDFC AMC WITH VIEW OF 2 YEARS FOR GOOD GAINS
MY TGT IS 4300-4500/6000
CMP 3300
Breakout retest on daily chart, Also Flag & Pole3285 Resistance broke on 6th Feb'20, flag & pole forming on 30min chart and head & shoulders forming on 10min chart
Possible upside of 300-350 points in a month
SL 3245
HDFCAMC BULLISHHDFCAMC break a resistance . RSI is also greater than 50 . everthing in showing bullish trend .
HdfcAmc , new beginning !!!!HDFCAMC
daily breakout.
Good to add around 3285-90
for the upcoming levels of 3450+
Good to hole for long term positional may be next a bajaj finserv in coming years.
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Buy HDFC AMC | Expected Profit 8-10% | Arijit BanerjeeGoodluck Capital Recommendation:
Buy Range - 3088-3188,
Target - 3380-3450,
Stoploss - 2970,
Maintain recommended stoploss by daily closing basis.
Once 1st Target hit, reset stoploss at 3283.
Ascending Triangle Formation - Daily candlestick Price has formed an ascending triangle pattern. This chart patterns leads to an upside going by technical studies. However, HDFC AMC price has already factored Q3Y20 results. Thus, upside is limited unless AMFI data confirms robust increase in MF contribution
HDFCAMC POSITIONAL VIEWPrice Momentum is decreasing in Daily chart and the price is at Daily resistance area. Volume is also decreasing according to daily chart. Price is at thinnest part of Ichimoku Cloud and about to breach it.
If breached 3280 Convincingly , It could be a major Breakout. Otherwise it may reverse till 3200.
Long above 3280, SL 3235, Target 3345/3380
HDFC AMC , whats next ??? cooking up ???? Click to check HDFCAMC lower volumes as not before !
Need to wait before making any position but
CAN BE A SIP STOCK FOR SURE AS IT A AMC LEADER.
H&S or Round Top - Both portend bearish outlook Price movement has formed H&S. However, right shoulder as we see at it is not pointed. Instead, it appears to be a round top in formation. Both portend a bearish outlook. RSI (daily) is 42 - Bearish. CMP is below 20 and 50 DEMA. Price movement will invalidate round top only if it moves above 3135 - 50 DEMA. Price outlook on a weekly and monthly time frames is still bearish. Therefore, current bearish outlook can be considered as correction
Price has key support levels at 2929 on a weekly chart followed by 2834.
Positional View: HDFCAMC, WHAT'S NEXT???Long above 3145, SL 3100,
Trgt 3200/3240
Short below 3105, SL 3135
Trgt 3070/3050/3040
HDFC Amc, Long short term target 3333.Short term target to 3333. Yellow box
After that there may be selling untill 2200.. will update later based on confluence with stochastic RSI.
