SWING IDEA - HDFC LIFE INSURANCE
Updated
HDFC Life Insurance, one of India's leading life insurance companies, is showing strong technical signals for a swing trade.
Reasons are listed below :
Target - 870 // 990
Stoploss - weekly close below 660
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
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Reasons are listed below :
- 750 Zone Breakout: This level has been tested several times and the stock is now poised to break out, indicating potential upward momentum.
- Breaking Consolidation Zone of 3.5+ Years: The stock is emerging from a prolonged consolidation phase, which could signal the start of a new bullish trend.
- Highest 52-Week Close: It recently achieved its highest close in the past 52 weeks, reflecting strong market sentiment.
- Trading Near All-Time High: The price is approaching its all-time high, showing that the bullish momentum is intact.
- Trading Above Weekly 50 and 200 EMA: This reinforces the positive outlook, with the stock maintaining its position above key moving averages.
Target - 870 // 990
Stoploss - weekly close below 660
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Trade active
you can add up some quantity, hold!
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