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Rangesupport

Range StockHDFCLIFE is in a Range since it has been listed in the market and is continuously making higher highs and Higher Lows in a weekly time frame which suggests that it is in a UPTREND and therefore can be bought at the last support level for a potential next upswing. It has come back to its support and further trading at the trendline where potentially it can take support. A very short risk can be taken for a potentially big profits at this level, which makes it a highly favorable trade in risk reward ratio perspective. ENTRY - can be made at the same level i.e. 495 Stop Loss- at the last low i.e 470 Reward - at the last resistance i.e 600 and then range resistance and then at next resistance i.e. 650. *This is HIGH RISK HIGH REWARD trade. Use Stop Loss POSITIVELY in the market. *preservation of capital in the market is the first step of a profitable Trader.
NSE:HDFCLIFELong
by rohitbansal1212