HDFCLIFE is in a Range since it has been listed in the market and is continuously making higher highs and Higher Lows in a weekly time frame which suggests that it is in a UPTREND and therefore can be bought at the last support level for a potential next upswing.
It has come back to its support and further trading at the trendline where potentially it can take support.
A very short risk can be taken for a potentially big profits at this level, which makes it a highly favorable trade in risk reward ratio perspective.
ENTRY - can be made at the same level i.e. 495
Stop Loss- at the last low i.e 470
Reward - at the last resistance i.e 600 and then range resistance and then at next resistance i.e. 650.
*This is HIGH RISK HIGH REWARD trade. Use Stop Loss POSITIVELY in the market.
*preservation of capital in the market is the first step of a profitable Trader.
It has come back to its support and further trading at the trendline where potentially it can take support.
A very short risk can be taken for a potentially big profits at this level, which makes it a highly favorable trade in risk reward ratio perspective.
ENTRY - can be made at the same level i.e. 495
Stop Loss- at the last low i.e 470
Reward - at the last resistance i.e 600 and then range resistance and then at next resistance i.e. 650.
*This is HIGH RISK HIGH REWARD trade. Use Stop Loss POSITIVELY in the market.
*preservation of capital in the market is the first step of a profitable Trader.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.