As per Price Action theory, we have 3 reasons to buy
HDFCLIFE
for Long Term.
1. In HTF price is Creating HHs and HLs, that is a confirmation of an uptrend.
2. Channel Formation.
3. LTF trend change signal formed due to the break of an LH and an HH formation.
The expectation is price will at least go up to 1136/-, which is approx. 91.99% Return on Investment from CMP.
Disclaimer: Stock trading is inherently risky and you agree to assume full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit are for information purposes only and under no circumstances should be used for actual trading.
HDFCLIFE
for Long Term. 1. In HTF price is Creating HHs and HLs, that is a confirmation of an uptrend.
2. Channel Formation.
3. LTF trend change signal formed due to the break of an LH and an HH formation.
The expectation is price will at least go up to 1136/-, which is approx. 91.99% Return on Investment from CMP.
Disclaimer: Stock trading is inherently risky and you agree to assume full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit are for information purposes only and under no circumstances should be used for actual trading.
