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theapextrader7

Intraday (26-08-2020). Keep in watchlist for few days

HDFC LIFE INSURANC (NSE:HDFCLIFE)  
theapextrader7 Updated   
NSE:HDFCLIFE   HDFC LIFE INSURANC
Trend Analysis Support and Resistance Supply and Demand
2
0
trendanalysis supportandresistance supplyanddemand
Marked are levels for intraday for coming days. Initial stages of a triangular pattern formation is visible. Keep a track on SBILIFE and LICHSGFIN also for sector trend confirmation.
Comment:
Triangle patterns has been breached. Pull back traders may wait for a retest towards near 595 levels, and take short entry. Breakout traders already entered on levels hold tight with SL.
Comment:
If target 2 is breached with volumes, wait for target 3 for Rs. 586
Comment:
safe traders keep SL near buy price as volumes are not expanding towards direction of downtrend.
Comment:
personally holding the trade to reach target 2 by keeping SL near buy price.
Comment:
Exit near target 1. Keep the levels for tommorow also. Will enter if opportunity arises.
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