ACC is on a crucial support level of 1260. People can use this opportunity to go long. It can achieve a target of 1400 in the coming few weeks. Keep SL of 1210.
Fantastic run up to the earnings. Here is what we should look out for if the earnings are good: first resistance of 769 (52 week high), second resistance of 770-775 (upper trading band range). Then this will fly high.
If the earnings are bad follow these levels and add on every support: 725, 720, 710, 703, 695, 685, 660. Beyond 660 stop adding, and hold it for at...
It tested the resistance of 640 third time today, ever since it has been listed. Finally it broke the resistance and achieved a quick upside target of 655. Since it has closed above 655, contributed by heavy volumes, it can achieve an upside target of 690, 725, 755.
People who sold this in losses are soon going to lament their decision ;)
Weekly Chart shows clear breakout in the long term resistance. Traders can use dips to go long. 3800 will be an ideal price to enter, with 4050 and 4200 as targets, keeping an SL of 3599.
2400-2500 is going to act as a massive support for HDFC AMC. The key level to watch out for will be 2400, which would be an excellent position to go long on. Keep a super small SL of 2345.
5 Year Trend Line Support coming in at 185-190. Excellent time to go long.
This candle might form a long wick, but keep adding on every dip for a target of 250.
This trendline which you see is a minimum 38-touchpoint trendline. It started back in Jan - 2015. A weekly chart, this is bound to be respected. Those who understand trendlines can definitely understand how important this is. Please follow and suggest if any revamps possible.
350 is the level to watchout for. Should it break 350 on a closing basis, it might unlock doors for a target of 400++. This trend line has been respected for the past 5 years. It is crucial because it has several touchpoints.
