HDFCAMC Breakout Near Trendline.
HDFCAMC is trading above both 21 and 55 days EMA. The stock rebounded after touching 200 day EMA. It is trading near trendline, if it crosses above and stays above 3000 levels, one can attempt a breakout trade with a 2% stoploss. It is also showing increased relative strength against Nifty50.
To be noted that a shift maybe in the works in terms of sector rotation, money coming in CNXFinance.
To be noted that a shift maybe in the works in terms of sector rotation, money coming in CNXFinance.
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