HDFC Life Insurance Co. Ltd.
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Intraday (26-08-2020). Keep in watchlist for few days

210
Marked are levels for intraday for coming days. Initial stages of a triangular pattern formation is visible. Keep a track on SBILIFE and LICHSGFIN also for sector trend confirmation.
Nota
Triangle patterns has been breached. Pull back traders may wait for a retest towards near 595 levels, and take short entry. Breakout traders already entered on levels hold tight with SL.
Nota
If target 2 is breached with volumes, wait for target 3 for Rs. 586
Nota
safe traders keep SL near buy price as volumes are not expanding towards direction of downtrend.
Nota
personally holding the trade to reach target 2 by keeping SL near buy price.
Nota
Exit near target 1. Keep the levels for tommorow also. Will enter if opportunity arises.

Penafian

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