HDFC LIFE LONG TRADE

Scrip Name: HDFC LIFE
Time Frame: Daily
EMA: 50 (Black) and 200 (Orange)
Observations:
1. Golden Crossover in progress; expected to complete in the current week
2. Volumes supporting current bullish trend
3. Resistance seen at 601 and 615 levels from previous trading days
4. Support seen at 555 levels

Entry: Above 582.5
Target: 637
SL: 555

Comment:

The Target was breached on July 28, 2020 where it closed above target price of 637.
It gave an absolute gains of 9.36% within a span of 23 days to be precise, which is much higher as compared to returns from FD or Mutual Fund.
Happy Profiting !