HDFC Life Insurance Co. Ltd.
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HDFC LIFE - APPROACHING DEMAND ZONE

1 559
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!
Giao dịch đang hoạt động
CMP 565
Giao dịch đang hoạt động
CMP 570

30 rupees (6%) in profit.
Holding with CTC SL.
Đóng lệnh: đạt mục tiêu
First target 580 hit.
Đóng lệnh: đạt mục tiêu
CMP 640
Targe 2 & Target 3 reached.

Booking full position here.
20% move captured.
Đóng lệnh: đạt mục tiêu
CMP 675

Although I closed my position at 640 which was target 3 but view was absolutely right and All 4 targets hit & captured 28% move.

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