HDFC has recently broke-down a channel and descending triangle second week September. channel broke-down and support trendline are exactly matching at 2280 range. more over channel broke-down and descending triangle broke-down are indicating a target of 2000 which also matching with recent march lows.
So we can see a pull at 1980-2000 range. however this stock...
HDFCAMC Just broke the previous Support zones.
We can get an entry soon at lower levels of 2050/2000/1950
Just keep this stock in Radar a perfect reversal may lead this stock to new hieghts
ONE MORE CANDIDATE IS ABOUT TO APPROACH ITS SUPPORT, IF HOLDS 2230-2250 THEN IT MIGHT REVERSE FROM HERE TO 2316, 2352 AND FURTHER TO 2400.
IF THIS SLIPS BELOW THE GIVEN LEVELS, IT WILL SEE 2215, 2172, 2130 AND 2100
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Hi...
NSE:HDFCAMC
THIS HAS CRAWLED BACK TO IT SUPPORT, AND FROM HERE IT MIGHT SHOW REVERSAL
ENTRY 2370-2380
UPSIDE : 2438, 2495, 2532
DOWNSIDE : 2350, 2325, 2295 AND EVENTUALLY MIGHT TAKE SUPPORT AT 2256
KINDLY TRAIL SL, ILLIQUID STOCK, HIGHLY VOLATILE
...
This is the 5th occasion that it has come down to its support region. Earlier here a high volume was observed followed by an uptrend with price rejection ultimately encountering the resistance level of 2792. Since then it is continuously making lower highs.
It would be interesting to see whether it would take the support.
As of now its better to wait for little...
