Investor Choices

Motilal Oswal What fundamental says.? If you see from past 5 years income is increasing. It has almost 3 times within 6 years. EPS has also increased in FY-19 and FY- 20 it has decreased but this was the scenario of COVID where banks faced NPAs. It generally trade at the average PE of around 25 times. Currently it is trading at the PE of 10 times. Institutions are also increase their buying.     What technical says.? Monthly chart  Weekly chart Volume Profile I

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 Swing Trade. Lets Look at the HDFC AMC chart and try to analyze its behavior. We will apply here 2 ways analysis means on one side we will look for price action and on second side we will look for indicators. Price Action: If we see the line chart there is "Flag and Pennant" pattern one of the most powerful pattern in technical analysis. We can see that price exactly respect the 50 Fibonacci ratio which is a very good ratio (where pullbacks are retested) and move. If you see it gave good a breakout of pennant pattern with good volume.  Now let us switch to candlesticks to get more 3D kind of view. What indicator tells? If you see the chart here you will find that there was squeeze and it broke out that means its volatility is increasing. Also if you see that there is RSI above 60 which indicates the momentum or speed. Also there is MACD crossover which also generates a buy signal. So from both of the side stock is looking nice for swing trading. Target Now the question is ho...

 CUP Pattern (4 Months) Conditions: 1. Pattern must be at least 6 to 8 weeks. 2. There should be great volume on right side of the pattern. 3. May re-test or not the neckline. In this case it has tested. 4. Target should be around the depth of the CUP. 5. Stop loss should be bellow the Re-tested Zone. Additional Check. 1. RSI above 60. There is momentum in the price. 2. BB% greater than 70 there is volatility in the chart. Target - 121 Stop Loss - 103 Risk to Reward 1.5 Note: This is for knowledge purpose only.