smartmarketview

A Clear Breakout on HDFC AMC Chart

Long
NSE:HDFCAMC   HDFC ASSET MANAGEM
Here you can witness a clear breakout of the Trendline in Blue Color and Resistance Level in Red Color, Which means this share is ready to enter in up-trend now. One can consider this share for a good return in the Long Term period. But for a short period, my defined targets are as below:

Entry above - Rs 2000
1st Target - Rs 2200
2nd Target - Rs 2300
Long-Term Target - Rs 3000

Stoploss (Which needs to maintained) - Rs 1961

Note: Please discuss with your advisor before taking any trade as per my analysis.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.