|Buy Range||2050 – 2100|
|Target||2230 – 2260|
|Duration||12 – 15 Trading Sessions|
|Potential Return^||8 – 10%|
|CMP#||Idea||Buy Range||Target||StopLoss*||Duration||Potential Return^|
|2055.8||BUY||2050 – 2100||2230 – 2260||2010||12 – 15 Trading Sessions||8 – 10%|
# CMP on Aug 05, 2019
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 2143.
^ The returns are calculated based on CMP#
HDFC Asset Management Company manages equity, fixed income and balanced mutual fund for all its clients and invests public equity and fixed income markets. The products of the company include equity growth fund, liquid funds, fixed maturity plan, exchange traded funds, dual advantage fund, and cancer cure fund. It also manages hedge funds for its clients.
|Sectoral Index||Financial Services|
TECHNICAL OBSERVATIONS (DAILY)
- HDFC AMC has taken support several times on trendline which is moving higher.
- The trendline is acting as strong support since March 2019.
- Today’s close is just above the trendline. The price action indicating an opportunity for a BUY trade from here which can be a low risk-high reward trading strategy.