Cup & Handle formation in HDFC AMC

٢٠ سبتمبر ٢٠٢١

On a weekly timeframe HDFCAMC is trading near its resistance level. It has also created a typical cup & handle formation which indicates the bullishness in the stock. I will wait for a close near its upper band of the supply zone which comes around Rs.3360. After that a long trade can be initiated with a favourable risk to reward.