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HDFC

HDFCAMC- Buy on DipsRecently HDFCAMC saw a good move from support levels ( 2800) up to previous resistance levels ( 3360). For the past two weeks, the stock is taking resistance near previous resistance levels, suggesting the stock is still in a range. Since this is the fourth test of the resistance area, the chances are that the stock might not go below the 3050 levels. And if it sustains those levels, we might see a breakout in the stock in the coming weeks. Buy on dips for me. Post is purely education and not a recommendation to buy or trade in the stock.
NSE:HDFCAMCLong
by manuagarwal21
HDFC - Bull Flag Breakout - Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management. Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis. Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
HLong
by AdityaKarn90