HDFCAMC trade ideas
HDFCAMC - Bullish patternHDFCAMC - Elliott Wave count
the market is in wave C with the target of 4000 range. its better to wait for correction to take long position.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:HDFCAMC NSE:HDFCAMCZ2023 BSE:HDFCAMC
There is still chance to catch this move!
Still HDFC AMC is 300% down from it's peak and it is about to give breakout.
It is sitting at his highest ever profit and revenues so no doubt about it's fundamentals and profitability.
In the most near tern it is about to give you 11% return. Half rally is done but still most of the rally is left.
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Best bet for short-term and long-term as well.
The stock is forming double bottom pattern and it is exactly rebound by forming it.
This is the chart pattern from this. We can define our target And also, it was rebounded from a strong support.
The target of the stock should Of the height of the double bottom pattern.
The main reason that I'm saying that this is short term and long term is in the short term it can surely achieve its Double Bottom pattern Target.
And in the long run it can go to its previous high so we can expect 20% minimum gain from this point And that too, in the short term.
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TRIANGLE breakout in HDFC AMCElliott Wave Analysis:-
Triangle breakout has happened and retracement is taking place.
with 2649.35 as stop loss we can get entry at current level.
Target
1. it has to cross 2737
2. 2772
3. 2800 - 2854
if the C wave was broken downside then the triangle may be in reverse and the fall will be the size of the A wave we marked.
Descending Triangle breakdown in HDFCAMCHDFC ASSET MANAGMENT COMPANY LTD
Key highlights: 💡⚡
✅On1Hour Time Frame Stock Showing Breakdown of Descending Triangle Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 2345-.
✅Can Go short in this stock by placing a stop loss above 2510+.
HDFCAMC long- HDFCAMC is at an attractive price after a significant correction from 3300 levels in 2021.
- Technically, the current swing low and near range (shown by black lines) are breakout levels of 2019.
- Prospects of the Asset Management industry for the decade are too strong
One should not miss the chance to buy at this level.
Strength Gaining Stock! #HDFCAMCStrength Gaining Stock!
HDFC Asset Management Company Ltd #HDFCAMC
1- RSI & MACD Divergence
2- High Weekly Volume
3- Forming Double Bottom
Note: Technical Analysis is for Educational Purpose. I am not SEBI registered. Consult your financial advisor for any Investment Advice.
HDFC AMC high potential gains possibility target 2795.80upper limit- 2795.80
cmp- 2000
gain- around 40% from present level
HDFC group company with high brand value.
potential gain of 40% from the present level, supported by its increasing yearly profits and consistently good quarterly results. Its present PE ratio is 29.9 while the lifetime median PE ratio is 41 further supporting the chances of an uptrend.