#HDFCAMC

Symmetrical triangle breakout in weekly chart.. next resistance is 3240-50, once this level is taken out might trigger 3780 and 5000 levels.

How you can filter stocks for Intraday trades - 🧵

As a kid, we would do homework before school the next day - you have to do homework here too. A specific sector performs on a particular day and studying things a day before will help you spot that particular sector. (1/11)

To prepare for the next trading day, you got to check the Index charts of all sectors. You got to keep an eye on a specific Index if you see a few factors:

- If any Index closed exactly at the resistance, you can get a trade on either side on the next day. (2/11)

- If it gave a rejection candle at resistance.

- If any Index closed exactly at support, you can get a trade on either side the following day.

- If there was a bullish signal at the support.

- If any Index gave a breakout or breakdown and then gave a good closing. (3/11)

- If any Index has taken support at 50 or 200 EMA.

Once you spot the Index, look at all the stocks in that particular Index. Pick at least 3-4 stocks from that Index and add them to your watchlist for the next day. It's ideal to check both higher and lower timeframes. (4/11)

What you should do next day? (When I am unable to check Indices and stocks a day before, I sometimes directly start with this process.)

- Start with checking the top gainers/losers list. I observe market from 9:15 to 9:45am to check the sectors performing well on that day.(5/11)

#lauruslabs

Breakout > 630

#HDFCAMC - Will HDFCAMC Breakout this time? - TradingView -

#HDFCAMC - weekly - Rounding bottom pattern , RSI at 65+

Targets - 3600/3750/3900
Supports - 3100 ; strong support 2850

view negated below 2850 on weekly close

#Nifty50 #technicals #ChartsWithMS #Banknifty

view invited.

HDFC AMC :: This one can be bought in cash portfolio now and on decline towards 2800....SL 2700 tgt 3500-3800-4000 ......

#StockMarket #Investment #nifty50