HDFCAMC trade ideas
THIS SHOWS A BEARISH TREND CLEARLY, SELL BELOW 2364 THIS SHOWS A BEARISH TREND CLEARLY, SELL BELOW 2364
HDFCAMCNSE:HDFCAMC
THIS HAS CRAWLED BACK TO IT SUPPORT, AND FROM HERE IT MIGHT SHOW REVERSAL
ENTRY 2370-2380
UPSIDE : 2438, 2495, 2532
DOWNSIDE : 2350, 2325, 2295 AND EVENTUALLY MIGHT TAKE SUPPORT AT 2256
KINDLY TRAIL SL, ILLIQUID STOCK, HIGHLY VOLATILE
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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Plenty Things with HDFCAMCThis is the 5th occasion that it has come down to its support region. Earlier here a high volume was observed followed by an uptrend with price rejection ultimately encountering the resistance level of 2792. Since then it is continuously making lower highs.
It would be interesting to see whether it would take the support.
As of now its better to wait for little more confirmation before taking any trade on this.
I will keep you guys posted on this.
HDFCAMC LOOKS WEAKNSE:HDFCAMC
HDFCAMC looks like it is going to breakdown on daily candles it has formed a bearish hammer.
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
Range Bound - Waiting for Break Out - HDFC AMCHey Guys, Please Support - Hit Like.
HDFC AMC : One of Major listed AMCs, which has strong fundamentals and It's parenting company is India's one of the best housing finance company (HDFC Ltd). HDFC AMC has proven it's capacity of giving healthy returns. Good dividend yield.
It has faced more than 30-35% correction in it's price due to covid-19. In current time it has been consolidating between a 400 points price range,
once breakout found it can give multi fold returns to long term investors. according to technical analysis it won't see much downside from here.
RSI: is at little healthy position.
Moving Average: Price closed over 200 EMA which is a good signal.
Operator: Price is moving with volume which nullify operators presence.
Upside level & Target:
According to Fibonacci: Price is currently facing strong resistance at 0.382 level, it has tried to break this level and faced rejection.
( IT HAS SEEN IF PRICE TEST ANY LEVEL MORE THAN COUPLE OF TIMES AND FACES REJECTION ONCE IT SURPASS THAT LEVEL IT BECOMES VERY BULLISH). If price crosses 0.5 level there is a great chance that it will stay in the bullish direction.
According to Price Action: As Shown on the chart.
Nifty On Monday: According to option chain analysis
A heavy Put writing has been observed at the level of 9700 & 9500, 9400. If Nifty could not sustain the current level we can see the levels of 9500, 9400. Call writing has increased at the level of 10000 & 10200 & 10300 (RESISTANCE).
Please Share your valuable thoughts and opinion in the comment.
Please Hit Like.
Thanks.
HDFC ASSET MANAGEMENT SWING TRADING BUY OPPORTUNITYHDFC AMC STOCK HAS BEEN IN BULLISH TREND IN SHORT TIME FRAME. STOCK IS TRADING ABOVE PREVIOUS STRUCTURE RESISTANCE, WHICH MIGHT ACT AS SUPPORT AFTER BEING BROKE TO THE UP SIDE. CHART HAS ALSO FORMED BULLISH GARTLEY FORMATION ON H-1 TIME FRAME. SO TRADERS CAN BUY AS PER BELOW NUMBER AS PER GARTLEY FORMATION.
BUY ENTRY: INR 2638 TO INR 2610
STOP LOSS: INR 2588
TARGET-1: INR 2689
TARGET-2: INR 2723
HDFC AMC analysis with the help of RSI IndicatorFrom 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.
HDFC AMC Will we break on through to the other side?2662-2669 broke through resistance , testing it at present ,Most likely a big pump till the yellow line on top
I'd start getting careful after that could go either way ....
Breaking the downtrend line and i'd hop back on :)
People i feel are now asking where to invest seeing the markets rally\! so i feel time is near for some whales to start unloading their positions and buying back lower or making money on the way down !
Remember to figure out what your risk management strategy is don't be left bag holding!
HDFC AMC - thanks Played out beautifully although its bull flagging at the moment still feel we have one retest left .
Long term looking to smash this pennant and go for 3188 fairly quick .
Thanks to whoever pointed this stock out to moi :)
The bullish engulfing on the 2 day chart makes me feel this pennant might not need 2 attempts.
HDFC AMC Dunno what its made up of but TA wise ,good to go !Looks like we are due for a breakout from this pennant on the HTF , just feel those who correct 50% usually rise the same way and considering its one of the big banks i say it goes up and makes new All time highs however might have one big dip to refuel and shake out the weak hands.
Levels on the chart .
Sittign just under resistance expect it to dip before bouncing back on Tuesday .
HDFC AMC - H&S breakdownFormation of a pattern called Head & Shoulders has been spotted on the charts of HDFC AMC stock. One should go short below 2570 that is below the neckline , keeping a Stop loss of 2670 for a target zone of 2330. (stock is not in FnO , can be treated as sell on rise in intraday basis till the target achieved)
HDFC AMC BEARISH BAT SELL OPPORTUNITY AT MARKETHDFC AMC STOCK HAS FORMED BEARISH BAT FORMATION ON H-1 CHART. STOCK IS TRADING HIGHER THAN OUR SELL ENTRY LEVEL WHICH REDUCES OUR RISK SIGNIFICANTLY.
SELL ENTRY: INR 2467 TO 2550
STOP LOSS: INR 2607.50
TARGET-1: INR 2346
TARGET-2: INR 2200
