The chart is quite self Explanatory. If the stock sustains below 500 levels, the chances are high that that stock is heading towards 472- 470 levels. Stop can be placed at 505-507 levels. Trade type : Swing Risk Reward 1:3 Risk : Moderate to Low Do your research because your are Trading at your own risk.
hdfc life gapped above 20ema and trying to sustain on 15min chart
Refer previous post, currently the stock is not in F&O hence cannot be traded on short side. Now if it hold 490 level then its gonna resume its uptrend that it started from 340 levels.
How far stock can still go with the following resistance at place FiB resistance Trendline Resistance RSI resistance
Confluence of Trendline & Horizontal support Horizontal support has been retested already. This should prove to be a quick 2R
HDFCLIFE forming head and shoulder pattern in Daily and Hourly charts. Further Consolidation is next
"Discipline is the main key to success, Strictly enter and exit on levels" as this is facing strong resistance and gave 'dark cloud cover' on daily. one can short at 445 with sl of 460 for target of 412 partly book at 435- 420 lets see