BREAKOUT OF BOTH MAJOR AND MINI TRENDLINE !

16 Mar 2022

HDFC AMC : On daily time frame , a fresh breakout can be seen of mini trend line , before that the stock also surpassed the major trend line. Also stock has formed higher high formation on daily time frame which indicates that stock has begun its up trend journey. Stick strictly to the stop loss as markets are very much volatile and unpredictable due to Russia and Ukraine problems. Target has been given for swing trade of around 10-15 days. Keep changing target as per your own requirements . Note that this analysis was done by me only for educational purpose to show importance of trend line brake.