Long Term Resistance broken and holding Support + EMA Bounce

2020년 12월 9일

642 region was a long term resistance for HDFCLife. It was first touched in October 2019 and later tested twice, but couldn't breakthrough. On 17th November the region was broken with a long green candle and the region now acts as a Support.

Also, the EMA bounce concept supports a long entry. The price had entered the region between 10 & 30 EMA and now has come above 10 EMA. Hope to ride the stock along with the EMA.

2020년 12월 16일

노트

Consolidating for a while. If closes above 672 levels, can expect a good positive momentum.

If closes below 635, may consider squaring off in loss.