HDFCAMC- ready for another Impulsive move to the upsideLooks like ABC correction has completed and another series of impulsive wave to start. Taken support at 50% Fib retracement level and broken out of diagonal trendline resistance. Fundamentally speaking, one of the leaders in Asset management and belongs to reputed HDFC group.
HDFC
POSITIONAL INVESTMENT VIEW IN #HDFC BREAK OUTPOSITIONAL INVESTMENT VIEW IN #HDFC BREAK OUT GIVEN AT 2423 NOW WAIT FOR RETEST BREAKOUT LEVLS FOR ENTRY
BUY HDFC 2405 ADD MORE 3150
STOP LOSS - 2340 CLBS
TARGET -2500 2550 2600 2650 ++++
Expiry day Blueprint for BankniftyBanknifty has shown resilience to FII selling, RBI announcement today seems to have altered the nature of market. However not much has changed we presume three possibilities around which a probable expiry day plan can be traced.
A strangle of 33100CE and 32800 PE trading around 373 a pair seems a good bet to ride tomorrow .
All the best
HDFCBuy above 2495 with Stop-loss of 2476,
Targets can be 2502, 2521, 2545, 2575
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
HDFC LTD trading ideasLong term investor this is your right opportunity 2360 very strong support 🔥 for HDFC reversal definitely can be seen by this week so buy near 2360 and go long forever.
HDFC Treadline breaklong entry to next ressitance level resistance only concern is unfilled gap 2680
HDFC Positional BuyLong - If +DI & -DI reject each other.
T1 - 2680
T2 - 2800++
Disc: Not a trading recommendation. Educational purpose only.