HDFC LIFE - Ready for a Short Swing Trade ?

Jan 18, 2024

This is a short term swing trading idea.

Symbol : HDFCLIFE

HDFC Life is Currently trading at a support zone of 600 level.

Long positions can be made at CMP 604-605.

Targets : 645 (7%) - 670 (11%) - 720 (20%)

SL : 590

Jan 20, 2024

Trade active

Those who missed can enter now.

CMP - 610

Feb 9, 2024

Trade closed: stop reached

SL 590 reached.

Feb 22, 2024

Trade active

Added long position in March Futures today at 570.

Looks like HDFCLIFE is making a double bottom pattern.

Holding with stoploss 562.

Targets can be 595 & 615.

Feb 23, 2024

Trade active

CMP 582.

Ready for 600-610.

Feb 28, 2024

Trade active

CMP 590

4% in profit.

Mar 4, 2024

Trade closed: target reached

CMP 620

Booked profit.
8.80% move captured.