HDFC AMC - Short Term Tgt 3450 (& higher after a brief Correctn)
Hi Folks,
HDFC AMC has done 1 and 2 of the largest degree and is currently in the 1st up (of 1 smaller degree).
Of this 1st wave up (of 1 smaller degree), we are currently in the middle of it's minor 3rd wave.
Since the 161.8% fib projection of the minor 1 and 2 waves is roughly 3450 which somewhat coincides with the 50% fib extension of the 0-3 wave distance of yet 1 smaller degree, (refer the chart), I have fixed the Short term target at 3450.
For Long term investors, this stock is anyways a Sweet Buy.
Cheers !!
Note : This view would be invalidated if the price breaks 2930, 2890, 2840 (61.8%, 78.6% and 100% ret of the latest up move) with force.
So pls place your Stops accordingly.
HDFC AMC has done 1 and 2 of the largest degree and is currently in the 1st up (of 1 smaller degree).
Of this 1st wave up (of 1 smaller degree), we are currently in the middle of it's minor 3rd wave.
Since the 161.8% fib projection of the minor 1 and 2 waves is roughly 3450 which somewhat coincides with the 50% fib extension of the 0-3 wave distance of yet 1 smaller degree, (refer the chart), I have fixed the Short term target at 3450.
For Long term investors, this stock is anyways a Sweet Buy.
Cheers !!
Note : This view would be invalidated if the price breaks 2930, 2890, 2840 (61.8%, 78.6% and 100% ret of the latest up move) with force.
So pls place your Stops accordingly.
Dagangan aktif
Press the "Play" button and see for yourself, the power of Waves and it's right interpretation !!
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.