HDFCLIFE : Going Long
I did take an entry at around 611.25 for about 2.5% of the net capital which the maximum I would allocate on an individual stock. I was expecting a move to the high of the parallel channel, formed at the time. But the price crashed from those levels with momentum and is heading further down as of today.
I'm not planning to add anymore into the position. I'm waiting for the market to reverse at some point in time. But if the price touches the lower trendline of the HTF channel then I might consider adding on to the position after looking into the fundamentals at the time and also after re-evaluating the total capital at the time.
If I have any more insights about the position in future, I'll share it underneath this post.
I'm not planning to add anymore into the position. I'm waiting for the market to reverse at some point in time. But if the price touches the lower trendline of the HTF channel then I might consider adding on to the position after looking into the fundamentals at the time and also after re-evaluating the total capital at the time.
If I have any more insights about the position in future, I'll share it underneath this post.
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.