HDFC ASSET MANAGEM

NSE

HDFCAMC

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!

Rectangle decision range for the short term

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