HDFCAMC trade ideas
HDFC AMCNSE: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!
HDFCAMC LONG (INTRADAY DEC 20)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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HDFCAMC
Daily : Stock is in uptrend.
15 min : It IS currently in range.
*Wait for the breakout and we could see an upside movement.
THANK YOU !!!!
Hdfc AMC Breaking out head and shoulder Price action in HDFC AMC shows a breakout from an inverse head and shoulders trend reversal pattern. It is a fairly big pattern spanning around 10 months. This signals a major long-term uptrend in the stock. Note the bullish golden cross as 50 day moving average crosses above its 200 day moving average. Buy for a rally to Rs 2,400 and above that to Rs 2,600. Keep a stop below Rs 2,000. Hold for 6-8 weeks.
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About to Breakout, Keep this in RadarAfter trading in a lower low pattern for almost a year, Consolidating in a range for 3 months this scrip is trying to move up. It has formed a triangle type pattern and trading near resistance. on a successful breakout and re-test the stock may give a good move. Keep this in radar and trade safe.