PrachiMetha

Can $NSE:HDFCLIFE will Test 580 Level ?

Short
NSE:HDFCLIFE   HDFC LIFE INSURANC
Dear Followers,

I hope you're doing well. I wanted to share a brief update regarding the short-term trend of the stock HDFCLIFE I have been monitoring.

Currently, the stock is experiencing a downtrend in its short-term price movement. My analysis indicates that market conditions and recent price action suggest a period of declining prices. This information could potentially be useful for your investment / hedge strategy.

If Stock Break 622-618 level then possibly we can see 600,590,580 level so if you are ready to take Risk then I have 2 Strategies For Month Of September Series that we can Deploy.

1) Buying an Option
Buy HDFCLIFE 620 PE Near 9, Stop Loss 5, target 15,17,20
Time Frame 7-8 Days
Investment =10000, maximum Loss=4400, Profit Upto 12100

2) Hedge strategy
Buy HDFCLIFE 630 CE Near 15-16 and Sell HDLF2! Future Below 625, Sl 640, Target 610,600,595
Investment = 40000
Maximum Loss = 12000
Profit Upto = 25000

Best regards,
Ajay Metha

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