One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
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.
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.
Hello and welcome to this analysis
HDFC AMC has given a Bullish Harmonic Sea Horse breakout indicating a possible upside of 2300 as long as it does not break 1950
Good risk reward ratio in the offering
Price action in HDFC AMC shows a breakout from an inverse head and shoulders trend reversal pattern. It is a fairly big pattern spanning around 10 months. This signals a major long-term uptrend in the stock. Note the bullish golden cross as 50 day moving average crosses above its 200 day moving average. Buy for a rally to Rs 2,400 and above that to Rs 2,600. Keep...
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 is at an attractive price after a significant correction from 3300 levels in 2021.
- Technically, the current swing low and near range (shown by black lines) are breakout levels of 2019.
- Prospects of the Asset Management industry for the decade are too strong
One should not miss the chance to buy at this level.
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
HDFC Asset Management Co. Ltd. engages in the provision of asset management services. It also offers portfolio management and advisory services to clients. The company was founded on December 10, 1999 and is headquartered in Mumbai, India.