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HDFC Life Long opportunity

Hello all!

HDFC life is trading in a channel and is now again at its lower channel trendline and it makes a good opportunity to go long!

There are multiple other reasons to go long:

1)Presence of a strong support zone

2)Support from strong 50 week EMA

3)Support from 200 daily EMA

Furthermore, the Reward to Risk ratio is also favorable.

The markets have been erratic with a lot of FII selling this month. It's advisable to trade with a lesser quantity than usual and add further if the trader goes as per the analysis.

HAPPY TRADING!!

Traders_Town

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