HDFCLIFE, Learn & Earn (Multiple resistance Breakout)
HDFCLIFE has given good breakout from multiple resistance zones. One is trend line coming since Jan'20 (yellow) & other is mid term resistance zone (blue).
It can be traded on Monday with 2 possibilities.
1. It opens gap up, then wait for retracement to 528 to go long.
2. It opens between 527-512, then wait for retracement to 512.
If it opens below both level and started moving up, then also we can enter. For safe traders only take long above 528.
Always do simple price action analysis to easily understand your entry & exit and get better with practice.
If my chart helps in any way, request your support by likes/comment.
Reach out if you want to learn simple yet effective price action.
It can be traded on Monday with 2 possibilities.
1. It opens gap up, then wait for retracement to 528 to go long.
2. It opens between 527-512, then wait for retracement to 512.
If it opens below both level and started moving up, then also we can enter. For safe traders only take long above 528.
Always do simple price action analysis to easily understand your entry & exit and get better with practice.
If my chart helps in any way, request your support by likes/comment.
Reach out if you want to learn simple yet effective price action.
All studies for for learning purpose only.
These are not trade recommendations
Not responsible for any profit or loss
These are not trade recommendations
Not responsible for any profit or loss
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.
All studies for for learning purpose only.
These are not trade recommendations
Not responsible for any profit or loss
These are not trade recommendations
Not responsible for any profit or loss
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.