HDFCAMC LONG VIEWHDFCAMC LONG VIEW
Good delivery data, CUP & Handle pattern in longer time frame
For now in Descending channel and good delivery
SL can be minimized with 5% investment
Self study and Financial advisor advise is recommended
HDFCAMC trade ideas
Buy HDFCAMC for portfolio tgt 4000+Closing above ALL EMA on daily TF and closing above 20 EMA also in this week on weekly time frame, already above 20EMA on monthly TF. Closing above 38 fibo. Price moving from WDZ with 50 WEMA support. Also on Daily took support of 200 EMA
HDFCAMC Long Term Triangle Pattern Breakout OpportunityStrong support and resistance levels intersecting. Fundamentally good too. Industry wise, AMCs set to grow as more and more people move away from FDs and into the markets.
------------------------------ NOT FINANCIAL ADVICE. ONLY FOR EDUCATIONAL PURPOSES ------------------------------
Hdfc amc Good long candidateHdfc amc spot cmp 2822
Good long candidate on dips
view gets vioalted below 2725 on closing basis
Possible Breakout in HDFCAMC. Closed just over the resistanceYou can go long for a target of 3250 with a time frame of 1-3 months. Stop loss - 2800.
HDFC AMCPRICE IS FORMING FLAG PATTERN..MEANS PRICE IS CONSOLIDATING..IF BRTEAKOUT HAPPENS THEN ONLY PATTERN WILL BE CONFIRMED...AND IF IT BREAKS OUT AND SUSTAINS THEN WE WILL SEE GOOD UPWORD MOVE..GOOD TO OBSERVE FOR BREAKOUT
HDFCAMC - Symmetrical Triangle Pattern Breakout (High Risk)The stock broke out of the pattern today, supported by high volumes.
Considering that the results are expected tomorrow, they can either play a spoilsport or add fuel to the fire and take the stock easily to its 52W high levels.
Supporting technicals:
RSI: 68 ( Bullish but not overbought)
MACD is above its center and signal Line, this is a bullish indicator
P.S: This idea is for educational purposes only and should not be construed as an investment advice.
HDFC AMC may correctHDFC AMC stock is trading at a PE of 48, comparing it to its competitor NAM, the PE is around 37. Industry Avg is around 18
Assuming HDFCAMC readjusts to PE levels of 37 the price levels should be around 2500.
Weekly charts also suggest that the stock may test the levels of 2500 i.e.the lower line of triangle pattern formation.
Let me know what you think.
HDFC AMC: Chart set upHDFC AMC
CMP 3099
The stock has taken resistance at previous top
Current set up has target of 2930
As a safer bet, Consider selling 3200 Call option
#HDFCAMCWhat a powerful structure! #Monthly chart
Entry range: 3100 to 3300
SL: Below 2800
Target: 2X
Time horizon: Long term pick (3 years)
HDFCAMC - SYMMETRICAL TRIANGLE PATTERNSYMMETRICAL TRIANGLE PATTERN
Volumes – Falling volumes during the formation of a symmetrical triangle is a favorable sign and high volumes on breakout agree that the price will continue in the direction of the breakout.
HDFC AMC 15% POSSIBLE WITH IN ONE MONTHHead and shoulder pattern completed.
Break out with good volume.
15 % upside in less than 1 month possible
(study purpose only)
HDFCAMC- Intra-Swing ViewHDFCAMC :
Trendline breakout done, Now resistance breakout possibility
Long above 3125 with SL 3090
IMPORTANT LEVEL TO WATCH OUT -If the price starts to move up, then it's testing the support. Buy and Hold for good targets
CHART STUDY - NOT A CALL
