akshit_official

HDFC LIFE - Ready for a Short Swing Trade ?

Long
NSE:HDFCLIFE   HDFC LIFE INSURANC
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
Trade active:
Those who missed can enter now.

CMP - 610
Trade closed: stop reached:
SL 590 reached.
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.
Trade active:
CMP 582.

Ready for 600-610.
Trade active:
CMP 590

4% in profit.
Trade closed: target reached:
CMP 620

Booked profit.
8.80% move captured.

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