Price has reacted to a Weekly Demand has given a confirmation in upward direction by violating a 4H Supply and forming a Fresh Daily Demand in which we are buying for a Reward of 4 againts the risk of 1.
HDFC AMC view for 22nd Feb Wednesday
Tripple bottom breakdown expecting below 1820
Charts for Educational purposes only
Please follow strict risk reward and stop loss if you follow my level
Thanks,
V Trade Point
NSE:HDFCAMC
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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HDFCAMC
Daily : Stock is in uptrend.
15 min : It IS currently in range.
*Wait for the breakout and we could see an upside movement.
THANK YOU !!!!
Closed my position in HDFCAMC for a profit of about 8.10%. Expecting a reversal move from here on. Will consider re-entry if it touches the bottom of the ascending channel in the coming days.
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After trading in a lower low pattern for almost a year, Consolidating in a range for 3 months this scrip is trying to move up. It has formed a triangle type pattern and trading near resistance. on a successful breakout and re-test the stock may give a good move. Keep this in radar and trade safe.
HDFCAMC has been consolidating in past many trading sessions.
Today we are seeing a remarkable up move in the stock.
Now sustaining 1900 levels, the stock is probably moving towards 2300- 2400 levels in the coming weeks.
Type of Trade: Positional
Buy on dips
Long trade
HDFC AMC LTD, reversal possibility but a risky bet because the trendline is just tested twice. However, we don't need to take a risk, so we can go with small sl of 50 points and can except trg of 300+ points.
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.
