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HDFCAMC

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
NSE:HDFCAMCLong
by AdityaKarn90
1
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.
NSE:HDFCAMCLong
by MarketsWithKR