HDFC LIFE BUY ABOVE 589 CLOSING BASIS
TARGET: 594, 605, 611, 618, 625, 632
RISKY ENTRY BETWEEN 550-560
Posting for Educational purpose only
Closing Basis means stock need to trade above 589 between 3:20 ~ 3.30 PM
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I STILL DONT KNOW WHAT PEOPLE DOING WITH THIS SIMPLE CHART ANALYSIS LITERALLY BANK SOME SAYING HDFC BANK GOING DOWN SOON BLAH BLAH BLAH
BUT THE TRUTH IS HDFC BANK IS HIGHLY BULLISH TILL NOW ITS HAVING A GREAT STRENTH AND THE TREND LINE IS TRUELY TILD AND TICK UNLESS AND UNTIL IT DID'NT REACH THE LEVELS OF RESISTANCE AREAS
KINDLY DO YOUR ANALYSIS WHEN...
HDFC appears to have completed its motive Wave 1 and corresponding corrective Wave 2 as well ... Same has been marked on chart ... Expecting Wave 3 to commence from here ... May give a small pull back on Monday to levels of 1640 .. It would be an ideal opportunity to go long with SL as 1620 ... Target for Wave 3 would be 2370
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Do not be Hurry for entry.
Wait for Proper Entry Setup.
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Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 15-20 % Gain.