HDFC ASSET MANAGMENT COMPANY LTD
Key highlights: 💡⚡
✅On1Hour Time Frame Stock Showing Breakdown of Descending Triangle Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 2345-.
✅Can Go short in this stock by placing a stop loss above 2510+.
Markets regulator SEBI on Wednesday deferred a proposal on standard investor fees by mutual funds
** SEBI had in May proposed that mutual fund houses charge standardised fees from investors to ensure greater transparency
- 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.
Strength Gaining Stock!
HDFC Asset Management Company Ltd #HDFCAMC
1- RSI & MACD Divergence
2- High Weekly Volume
3- Forming Double Bottom
Note: Technical Analysis is for Educational Purpose. I am not SEBI registered. Consult your financial advisor for any Investment Advice.
There was nice looping around the lower value area, and now this script is showing nice reactions from the recent value area.
It will be worth to watch it for study purpose with a target in mind.
Hdfc Amc good chart daily time frame
hdfc amc share bottom Leading diagonal pattern
wave one = leading diagonal
wave second = correction 38% retracment wave 1
wave third go again upside and again wave 4 38% correction
upper limit- 2795.80
cmp- 2000
gain- around 40% from present level
HDFC group company with high brand value.
potential gain of 40% from the present level, supported by its increasing yearly profits and consistently good quarterly results. Its present PE ratio is 29.9 while the lifetime median PE ratio is 41 further supporting the chances of an uptrend.
Here you can witness a clear breakout of the Trendline in Blue Color and Resistance Level in Red Color, Which means this share is ready to enter in up-trend now. One can consider this share for a good return in the Long Term period. But for a short period, my defined targets are as below:
Entry above - Rs 2000
1st Target - Rs 2200
2nd Target - Rs 2300
Long-Term...
Buy at range 1900-1950
Target1 2100
Target2 21500
Target3 2200 short term 3month
Target4 2800 long term
Price pattern: Cypher Pattern and bullish RSI DIVERGENCE WITH DOUBLE BOTTOM ON WEEKLY CHART
As you clear see in chart monthly candle inside bar and now in this month breakout happened plus divergence In RSI .one can go with script on retest of 25 % price . For more information join Master the Market Pattern
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!
