HDFCAMC trade ideas
Hdfc amcTrend line breckout level
If price sustain 3000 level best move in this stock
Target 3250
Sl on below trendlie
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.
descending channel breakoutprice broke channel with volume. notice cANDLE OF ALL BULLS IN CHANNEL (seems accumulation)
if we confirm indicators then they are supporting also.
simple price action. keeping 10% as sl.
HDFCAMC ::: BULLISH :::DATE: 08 JUL 2021
INSTRUMENT: HDFCAMC
TREND: BUY
TIME FRAME: DAY
CMP: 2934
BUY ABOVE: 2953
STOP LOSS: 2866
TGT 01: 2988
TGT 02: 3018
TGT 03: 3060
INDICATORS FOR CONFIRMATION OF TREND
INCHIMIKO: CLOUD BREAKOUT
PSAR: BELOW CANDLE
STOCHASTICS: BULLISH
RISK DISCLOSURE:
We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
HDFC AMC GO LONGHDFC AMC waiting POLEN FLAG break out pattern next target 3312 📈 follow risk reward .
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.
HDFCAMC Looking Bullish
One can go Long only if 15 min candle Closes above 2822.
All the key levels are mentioned in chart with Stop-loss and Targets.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
HDFCAMC All the key levels are mentioned in chart
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Double BottomThere is formation of double bottom in HDFCAMC. looking positive for trade. This information is only for educational purpose.
Double BottomDouble bottom pattern has been formed in HDFCAMC. It is very stron W shape pattern. Entery for trade is an opportunity. Consult your advisor before taking this trade. This is only for educational purpose.
