Everybody's fav AMC. Long term super company. As long as it holds above this breakout, it could go on a new path. Very well managed too which gives investors confidence to put money into this instead of other AMC's
Looking for down move from the resistance area..... levels mentioned in the chart....
With the news of HDFC AMC providing liquidity up to 500 crores to FMPs, the stock has fallen 6% at a point intraday. Price has temporarily bounced off from 38% FIB of previous swing. That level also being round number of 1800, it could well act as a support. Do notice the rising trendline. Chances are that the candle close could be above the trendline. Hence, it...
1600 is the crucial level to watch out for. Go long if it is able to close and sustain above that level. On the downside, the range around 1470-1500 could act as support which would be a golden chance to shop this counter. Analysing historical RSI suggests that the price reversed when RSI clocks mid 70s. Currently RSI stands at 74.67. Expect a one time price...
Support is at 1411, medium term target is 1563.
It fell with a gap and formed a double bottom. It will create a pin bar in daily and fly high. Worst case is consolidation and risk reward is juice!
After its listing a couple of weeks ago, it made a nice round bottom, and resting the previous high levels. Awaiting for a breakout/Reversal