Hdfc Life - Budget Play
One of the fastest growing life insurance players in our country. If as rumoured the govt plans to increase spend on health and health insurance this stock could potentially life off significantly.
How i would play this on budget day...
As the dow closed deep in the red friday i expect this stock to open down..ideally open around 662 and once it bounces above 670 again i would look to initiate a long. SL 647.
Pls remember this involves too many if's and buts and is subject to a positive budget else i'd exit at a moments notice..The key here will be to be nimble and respect stops.. If the stock moves 2% also above my buy price on budget day i wouldnt hesitate to shift my stoploss to 660.
How i would play this on budget day...
As the dow closed deep in the red friday i expect this stock to open down..ideally open around 662 and once it bounces above 670 again i would look to initiate a long. SL 647.
Pls remember this involves too many if's and buts and is subject to a positive budget else i'd exit at a moments notice..The key here will be to be nimble and respect stops.. If the stock moves 2% also above my buy price on budget day i wouldnt hesitate to shift my stoploss to 660.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.