sandeep_social

HDFCLIFE TRADING IN A RANGE FROM JAN 2021. CAN IT BREAK ?????

Long
NSE:HDFCLIFE   HDFC LIFE INSURANC
HDFCLIFE trading in range price range of 657 to 746 from January 2021. It has completed 7 months of consolidation on daily chart .
The range may break once price touches 200 EMA after 6-8 months of consolidation as per my price behavior analysis.

Comments

it touched 200 ema today... and trading in usual levels , although today volumes were little higher than last 5 days, (not great, but better than last few days),,,,, any insights?
Reply
sandeep_social newbieintrading
@newbieintrading,
In my opinion, price wise and time wise correction both are almost over. And risk reward looks very good from here.
+1 Reply