From the chart of HDFC AMC, we can confirm that it is showing multiple negative divergence, which is a sign of stock may slide down in near future. Wait for the confirmation, when the HDFC AMC breaks the below trend line. Always go for 1:1 Risk reward ratio for first target.
Note
HDFC AMC gives 50 points profit after confirmation!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.