#HDFCAMC [3093]
REASONS:
1⃣ Flag&Pole BO of 6 months consolidation
2⃣ Stock is building up near 0.618 fibo level of total fall from 2020

Target - 4350
SL - 2940

@chartmojo @piyushchaudhry @SuccessIsMyJob @Abhishekkar_ @kach0289 @TechCharts @koolvicky @BissaGauravB

Ever wonder why a price corrects after opening gap up or price moves up after a dip.
Have you noticed this in stock market?

This phenomenon is called Climax.

This thread would on
"How to trade Climax"

Like 👍& Retweet 🔄for wider reach and for more such learning thread.

1/12

So far, nobody shared or discussed Climax phenomenon and this was just a mere observation for us.

If you haven't seen any example of climax yet, then let's see an example:
This happened with Tata Steel today in intraday today.

2/12

Climax is the last/ending phase of the trend in stock market.

There are two types of climax based on the trend in market:
1. Bullish Climax
2. Bearish Climax

Shared example of both below.

Let's dig into each of these and see what would be a trading setup.

3/12

Bullish Climax:
As name suggests, it is the ending phase of bullish move/trend. After this price starts downtrend.

Setup:
1. Price should open gap up by over 2%
2. Mark mid point of opening candle. Go short if price is below this.
3. Opening candle's high would be stoploss

4/12

Use this climax trading setup only in #Intraday and use 5 mins time frame chart.

Let's see an example of a bullish climax that happened in Tata Steel today.

Entry got triggered (1317) at 9:20pm when the candle was below the reference point. Trailing SL got hit at 1286.

5/12

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A Thread 🧵:

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A thread 🧵

1/ Bullish Engulfing:

A bullish engulfing pattern is a candlestick pattern that forms when a red candle is followed the next day by a large green candle, the body of which completely overlaps or engulfs the body of the previous day’s

2/ Bearish Engulfing:

A bearish engulfing pattern is a candlestick pattern that forms when a green candle is followed the next day by a large red candle, the body of which completely overlaps or engulfs the body of the previous day’s

3/ Bullish Harami:

Bullish Harami is generally indicated by a small green candle that can be contained within the previous day's red

4/ Bearish Harami:

Bearish Harami is generally indicated by a small red candle that can be contained within the previous day's green

#HDFCAMC - HDFCAMC Long Setup - TradingView -

#HDFCAMC

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

#HDFCAMC - HDFC Asset Management Company - TradingView -

HDFC AMC - what Nicolas Darvas discussed at length about his box theory.

#HDFCAMC - HDFC AMC Management Company Ltd. - TradingView -