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akshit_official
Jan 18, 2024 2:33 PM

HDFC LIFE - Ready for a Short Swing Trade ? Long

HDFC LIFE INSURANCNSE

Description

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.
Comments
ram_acharjee
Above 620 Jaye kaya... Short term main...
akshit_official
@ram_acharjee Yes it can go. If closes above 620 on weekly TF, it can move even higher. Risk reward is low at cmp. So trade with caution.
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