HDFC LIFE - APPROACHING DEMAND ZONE
Symbol - HDFCLIFE
HDFC Life Insurance Company is engaged in carrying on the business of life insurance. The Company offers a range of individual and group insurance solutions. The portfolio comprises of various insurance and investment products such as Protection, Pension, Savings.
HDFC Life is approaching demand zones on charts. 500 - 540 is a major support zone for HDFC Life. Stock is currently trading at a good valuation.
I'm seeing a positional trade opportunity on buy side. I usually trade in futures but this time I'm taking this trade in cash as general elections are due in June which is a major event for market makers.
I'm investing 50% allocation today at CMP 540. I'll invest 50% more at 510 level & will hold this position with 495 as SL. Targets I'm expecting on long side will be 580 - 615 - 640 - 675. I'm ready to hold this trade for 3 - 6 months.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
HDFC Life Insurance Company is engaged in carrying on the business of life insurance. The Company offers a range of individual and group insurance solutions. The portfolio comprises of various insurance and investment products such as Protection, Pension, Savings.
HDFC Life is approaching demand zones on charts. 500 - 540 is a major support zone for HDFC Life. Stock is currently trading at a good valuation.
I'm seeing a positional trade opportunity on buy side. I usually trade in futures but this time I'm taking this trade in cash as general elections are due in June which is a major event for market makers.
I'm investing 50% allocation today at CMP 540. I'll invest 50% more at 510 level & will hold this position with 495 as SL. Targets I'm expecting on long side will be 580 - 615 - 640 - 675. I'm ready to hold this trade for 3 - 6 months.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Transaction en cours
CMP 565Transaction en cours
CMP 57030 rupees (6%) in profit.
Holding with CTC SL.
Trade fermée: cible de profit atteinte
First target 580 hit.Trade fermée: cible de profit atteinte
CMP 640Targe 2 & Target 3 reached.
Booking full position here.
20% move captured.
Trade fermée: cible de profit atteinte
CMP 675Although I closed my position at 640 which was target 3 but view was absolutely right and All 4 targets hit & captured 28% move.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.