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.
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?
sandeep_social
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@newbieintrading,
In my opinion, price wise and time wise correction both are almost over. And risk reward looks very good from here.