HDFCAMC
One more opportunityHello traders, once again, i am looking an opportunity in HDFCAMC here, logic behind the trade is, it is crossing the 20 EMA and MACD & RSI are also looking bullish on daily chart. There are possiblities to go higher at the level 3350 and support must be at the level 3025 ! Good luck!!!
HDFCAMC - Rounding Bottom after a smooth Rally - IntradayThis analysis is done purely on basis of price action and chart patterns.
The analysis is done on 15 min TF hence target can be achieved same day or in a couple of days
Logic, Entry range, SL and Target is shown in image itself.
This analysis is for study purpose. Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis
To understand how rounding bottom gives a blast move on breakout -
Check below case of BALMLAWRIE and DHANUKA for examples of Rounding Bottom Pattern
HDFCAMC Technical StrategyHDFCAMC 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
HDFCAMC descending triangle formationAlthough a bearish pattern, one can go long above 2380 for target 2650 with strict stop loss at 2335
BULLISH MOMENTUM IN HDFCAMCPLEASE SEE CHART FOR DETAILS
TARGET : 2600
STOP LOSS : 2400
**These are my personal observations. Please trade at your own risk.**
R-0064 Cash Buy HDFCAMC @ 2490 - 2492.50 SL 2461 TGT 2545#Intraday Cash Buy HDFCAMC @ 2490 - 2492.50 SL 2461 TGT 2545
# MACD CROSSOVER indicates buy around 2450-2460
# TK cross over on 30 min chart so again a buy for short term
# good volume on the buy side
HDFCAMC Fib SupportNSE:HDFCAMC experienced quite a lot of hesitation at higher levels after bouncing up from ~2430. After retracing from higher levels, we can see it attempting a recovery once again.
If the support is held, it could be a good swing long as long as the incoming resistances can be breached. As of now, it is just under the 13DMA (not added in the chart). So a positive Monday closing could increase strength.
HDFCAMC has typically underperformed vis-a-vis the other HDFC sister companies, but it remains to be a fairly strong pick among the various asset management companies.
HDFC AMC Gaining StrengthWill update price movements after 5 days EMA cross 50 EMA. PLEASE READ ANALYSIS IN THE CHART ABOVE.
HDFCAMC - LongReason: Hourly MIP
Caution: Shorting level is waiting in higher time frame. Take confirmation entry only.
HDFC AMC triple bottom formationTrading between the range 2400 - 2760, formed triple bottom . Go long with stop loss 2396 , short term target 2760
SELL HDFCAMC Target 2700 2574 2370 2059SELL HDFCAMC with SL 3000
Target
2700
2574
2370
2059
LT Investors may try Buying around 2000
HDFC AMC Trade IdeaMovement has been restricted to the box for a while.Consolidation before moving upwards. Possibly another retest before breaking higher. SL below the box.
HDFCAMC spinnig top [sellsignal]spinning top on daily time-frame.
can lead to downtrend with rsi divergence.
below 1747 sl 1766
tgt 1736-1715
