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jayroy

descending channel breakout

Long
HDFC ASSET MANAGEM (NSE:HDFCAMC)  
jayroy Updated   
NSE:HDFCAMC   HDFC ASSET MANAGEM
Trend Analysis Chart Patterns
2
0
trendanalysis chartpattern
price 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.
Comment:
market fall down for two days by impact of global market. as there was no bad news in india but US market was down so nse fall came for two days. notice volumes , still holding if breaks 2865 ,close the postion with loss.
Comment:
anyway it made 6.5% next day .
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