Today let us study the charts of HDFC Life Insurance stock. First let’s look at the monthly chart of this stock.
In monthly chart, we can clearly see that stocks all time support zone is near 495 and all time resistance is near 725. The stock is currently trading just below 600 (at 594). In chart we can see that there is small resistance near 600 level and if stock gives a breakout and goes above 600, it should be a good opportunity.
So what should we do? We can wait for entry above 600 and our targets should be 650, 725. After entry, we will be keeping an SL as per our risk capacity and hold for the targets. This is positional view. Good Luck.👍✌️
Wowsome!!! HDFC Life smoothly hit the first target and moving up.
Entry given was 600 on 8 June
First target was 650
Target achieved on 21 June
Currently trading at 672
Overall returns so far is 12 % in 13 days
Book half and keep trailing SL for next target.
Happy Trading ✌️