As a technical analyst, I'm excited to share my latest findings on HDFCAMC, a stock listed on the National Stock Exchange (NSE).
After conducting a thorough analysis, I've identified a unique trading opportunity that presents itself at the intersection of strong support and resistance lines.
The Setup
HDFCAMC has been trading within a well-defined range...
NSE:HDFCAMC
📈 #HDFCAMC Performance Update
1/🧵 AUM Growth 🌟: A strong year for HDFC AMC with a 20% YoY increase in quarterly average AUM, hitting a record INR 47 trillion. Equity-oriented funds grew by 26% YoY, reaching INR 23.1 trillion. #AUMGrowth #EquityFunds
2/🧵 Debt Funds Surge 💰: The quarter saw debt funds' AUM rise to INR 10.3 trillion. The B30 MAAUM...
HDFCAMC has been trading in an uptrend for the past few months, forming a cup pattern. It has reached its all-time high. The monthly, weekly and daily RSI is above 60 and taking support at 60 levels in 75-minute time frame. You can see that the volume is also moderate. If it starts increasing as the price approaches its all-time high ( 3844), there would be a high...
HDFCAMC - Elliott Wave count
the market is in wave C with the target of 4000 range. its better to wait for correction to take long position.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:HDFCAMC NSE:HDFCAMCZ2023 BSE:HDFCAMC
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HDFCAMC exhibits a fresh breakout on daily chart, with upside potential of 3027 levels, which is 30% appreciation from current levels.
Its only an observation & not any suggestion.
HDFC AMC very strong for long side very Bullish upcomings day Stoploss near 1588and target as 1890 2nd target possible 2050 next 6 month Hdfc amc Now price 1784
HDFCAMC will be going to make a nice beautiful cup & handle pattern formation. After Expected will be brake out will have the potential to reach 4300 .
Target 4340
#LEARNING
#PATIENCE #HDFCAMC
1. Trendline Support
2. Prev Resistance acting as support
3. At 20 EMA Support
4. At FIB golden retracement zone
5. Ascending Triangle pattern at 1 hour TF
Still HDFC AMC is 300% down from it's peak and it is about to give breakout.
It is sitting at his highest ever profit and revenues so no doubt about it's fundamentals and profitability.
In the most near tern it is about to give you 11% return. Half rally is done but still most of the rally is left.
If you find this new and informative please boost this.
The stock is forming double bottom pattern and it is exactly rebound by forming it.
This is the chart pattern from this. We can define our target And also, it was rebounded from a strong support.
The target of the stock should Of the height of the double bottom pattern.
The main reason that I'm saying that this is short term and long term...
Elliott Wave Analysis:-
Triangle breakout has happened and retracement is taking place.
with 2649.35 as stop loss we can get entry at current level.
Target
1. it has to cross 2737
2. 2772
3. 2800 - 2854
if the C wave was broken downside then the triangle may be in reverse and the fall will be the size of the A wave we marked.
