Recently 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.
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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.