HDFC AMC respecting support line at near 1980 weak only below 1960 Initiated long swing trade at 2000 Target 3100 - time frame is long Watch for the green candle closing at weekly time frame for confirmation. This script could turn out good for Risk:Reward ratio.
There is a strong demand zone for HDFCAMC at 1950-2010 levels. Today, it gave a good 5% move by bouncing frok yesterday's low of 1990. It might retrace at around 2050-2070 tomorrow. RSI has gained strength at the support in both daily and weekly time frame. Minimum target can be around 2450-2500. This is just my personal opinion.Please don't trade on basis of this.
HDFC AMC Trading At Support Level Since JULY'19 Stock DIDN'T Close Below 1970 AVWAP AND 21 DAYS EXPONENTIAL MOVING AVERAGE COMBINE VALUE (RESISTANCE) @ 2475 - 2625
Bearish divergence shown by RSI on weekly timeframe with weekly close as a strong bearish pin bar candlestick shows there is strong bearish pressure. Do not jump to buy because of the merger and everyone is bullish. Let the price fall to buying zone for a big rally upside. Buying Zone is around 1100-1175 level Target 1 2350 (100% ROI) Medium...
200+ points gain from previous mention, it can simply reverse from its larger tf octave, trend change will happen again and will show lower targets of it enters the violet channel, so this channel is the trend decider now.
HDFC AMC is one of India’s premier asset management company with a Market cap of Rs.48552.9 Crores. Valuation wise it can be considered little expensive as it trades at a PE of 35.5 currently but the point to be noted here is that MFs, FIIs are increasing their stake in this company with no debt and Zero promoter pledge. Entry can be taken at CMP compounding can...
1) As per gann square it has taken support and reversed from octave level 2) as per Fibonacci cycle it has reversed on important fibo period. So expecting it to bottom out, (For study purpose only not for investment)
BUY AT 2600 SELL AT 2700 3000 3300 Take it as a Swing trade Easily 30% Gains WILL UPDATE ACCORDINGLY!!
Trendline H&S broke RSI rejecting 40 on weekly time frame its seems short only below 2440 close also shows Negative divergance in RSI Important trendline support broke but still can take support at support zone with nifty
HDFCAMC : Trading in channel Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
1. trending and takign support from weekly time frame trendline 2. made bullish candles at support 3. Taking RSI 40 support at weekly time frame
NSE:HDFCAMC1! we are using heikin ashi candles along with renko chart with macd histogram and rsi . Movement has started in hdfcamc lets wait for the party to begin. we are long from 2920 . Its my view its for educational purpose only. thank you. yogesh aggarwal.
making pole and flag at the top made double top with highest level RSI is down than previous swing high Candle cam above the BB RSI 40 support failed can be shorted once broke pole flag with volume
Recently HDFCAMC saw a good move from support levels ( 2800) up to previous resistance levels ( 3360). For the past two weeks, the stock is taking resistance near previous resistance levels, suggesting the stock is still in a range. Since this is the fourth test of the resistance area, the chances are that the stock might not go below the 3050 levels. And if it...
Banks ruled the show today, while Nifty slowed down a bit. What's next for the market? What do you feel?
Weekly potential breakout above trendline. SL and target mentioned on the chart.
Nifty made an ATH and an ATH close. This is despite facing selling pressure in the second half. Where do you think the #stockmarket is heading?