SWING IDEA - HDFC LIFE INSURANCE HDFC Life Insurance , one of India's leading life insurance companies, is showing strong technical signals for a swing trade.
Reasons are listed below :
750 Zone Breakout : This level has been tested several times and the stock is now poised to break out, indicating potential upward momentum.
Breaking Consolidation Zone of 3.5+ Years : The stock is emerging from a prolonged consolidation phase, which could signal the start of a new bullish trend.
Highest 52-Week Close : It recently achieved its highest close in the past 52 weeks, reflecting strong market sentiment.
Trading Near All-Time High : The price is approaching its all-time high, showing that the bullish momentum is intact.
Trading Above Weekly 50 and 200 EMA : This reinforces the positive outlook, with the stock maintaining its position above key moving averages.
Target - 870 // 990
Stoploss - weekly close below 660
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HDFCLIFE
HDFCLIFE: Elliott Wave Signals Reversal or Breakdown? Understanding the Current Setup
The chart reflects a corrective Elliott Wave structure (ABC pattern):
Wave A: Initial decline from the peak of ₹764.40.
Wave B: Pullback to a resistance zone after Wave A.
Wave C: Continuation of the downtrend, nearing a potential completion zone or liquidity zone around ₹670-680.
The stock is currently consolidating near this Wave C completion zone, signaling a possible reversal to the upside.
Trade Setup Explanation
Bullish Setup:
Logic: If Wave C concludes within the Liquidity Zone (~₹670-682), an upward reversal is anticipated toward the first target zone at ₹772-786.
Entry Point: Enter after a clear breakout or reversal signal (e.g., bullish candlestick, trendline breakout, or volume spike).
Targets:
- Target 1: ₹772-786.
- Target 2: Further upside based on price action.
Stop Loss: Below the Wave C lower boundary (~₹635).
Bearish Setup (Alternate Scenario):
Logic: A breakdown below ₹635 suggests further downside.
Entry Point: Short on confirmation of a breach below ₹635.
Target: Next support zone at ₹564.
Stop Loss: Above the Liquidity Zone (~₹680).
Technical Analysis Insights
Fibonacci Levels: Wave B retraced deeply (likely 61.8%-78.6% of Wave A). Wave C aligns with extensions (1x or 1.618x of Wave A).
Liquidity Zone: The ₹670-682 zone is a demand area where institutional buying might occur. Look for bullish candlestick patterns for confirmation.
Target Zone: ₹772-786 is a key resistance area, ideal for profit-taking in a bullish scenario.
Stop-Loss Placement: Logical stops are set below the invalidation levels (~₹635 for bulls, ~₹680 for bears).
Prediction and Plan
Primary Scenario (Bullish): Wave C completes in the Liquidity Zone, leading to a reversal targeting ₹772-786.
Alternate Scenario (Bearish): Breakdown below ₹635 invalidates the bullish outlook, with potential downside to ₹564.
Educational Takeaway
Elliott Wave Application: Highlights an ABC correction and potential reversal.
Risk Management: Use stop losses at key invalidation levels to minimize risks.
Confirmation Tools: Enhance reliability using indicators like RSI divergence, MACD crossovers, or volume spikes.
Patience: Wait for price action confirmation before entering trades.
This structured plan ensures adaptability to both bullish and bearish scenarios while maintaining disciplined risk management.
HDFCLIFE Trading Within Fresh Demand Zone of ₹689.4-₹678.5HDFCLIFE is currently trading at ₹690.3, which is within its tested demand zone ranging from ₹689.4 to ₹678.5. This zone may attract buying interest, providing potential support for the stock. Investors can watch for price stability or upward movement from this range to gauge entry opportunities.
HDFC BANK LONGTERM
HDFC Bank can be a good long-term investment for a number of reasons, including its quality, stability, and returns:
Quality
HDFC Bank has higher scores for quality than other blue-chip lenders, and its stability ratios are superior.
Returns
HDFC Bank has given returns of +18.93% in the last year, and +82.31% in the last 3 years.
Analyst ratings
18 analysts have given HDFC Bank a strong buy rating, and 14 analysts have given it a buy rating.
However, stock investment depends on several factors, and investors should consider their own investment goals and horizon before investing.
HDFCLIFE: Interesting Price Action!The chart is self-explanatory as always :)
If you'd like to request an analysis, simply send us 100 coins as a token, and we'll be happy to post one for you.
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
HDFC LIFE is going to blast !!HDFC life is a underperformer for Many years.
Stock is forming Broadening Pattern in a long term
We can see stock has bounced back from the support and now in an uptrend stock has formed Falling wedge
Which indicating that stock may go up from hereon
Also Stock is around the support of Falling wedge
Long term support is around 480-500 levels.
One can start accumulate the stock for good return !!
Thank You !!
HdfcLife Last Downwave before the Reversal
These are the Fresh Source Monthly Supply and its destination Monthly Demand,
After reacting to the Source Supply Price has headed downward to the Demand,
This is how Price has been coming towards the Monthly Demand and this is the last
Fresh Daily Supply, after reacting to this Price should continue the downtrend till it reaches its Destination of Monthly Demand and then Shoot up.
HDFC BANK LOOKS GOOD @ ...After A Fall of 8% Hello everyone. So in this video of Hdfc Bank, we have talked about The overall history of Hfc Bank, from the point where we have seen the split in this talk in 2019. And then after we have seen a fall, and then after we have taken a slide insight about the top it made in 2021. Then after we have seen the levels where market have been sluggish and been passing it time from last two years. So we have marked few levels with Lines, as you can see in the charts of video. And then after we have talked about the levels where we should be looking for the buy entry in coming fall, if it falls further But we are not bearish on this talk. We have buy entry possible if you can take We don't want you to take a full entry. You can try with a smaller positions, ok? And if it falls further, then we can go for a better chunk of quantity So this is all on the hdfc bank Thank you.
HDFC life looks goodIn this video, we have seen the hdfc live a short history from which level it started The level it hit and the levels which we are expecting in coming days. We have provided few levels for entry. We have also provided few stop losses Other than that, we have provided few targets in this video . Please go through the video And if you have any question, now, please feel free to ask or send me a message. I will try my best to answer those questions. Thank you everyone
A new 40% wave towards 900 in HDFC LIFEHDFC LIFE INSURANCE COMPANY rallied up from 457.8 to 690.85 in a wave 1 structure beginning in march 2023 ending in July.2023.
However from July the stock got into a wave 2 correction and seems to have ended the very same in Oct. end.
The stock ended the wave 2 correction(technically a "flat" according to Elliot wave theory) at a very crucial support/resistance zone of 600 that is relevant since May.2022.
Coming to the very recent price action of the stock, the stock traded in a very narrow range for 7 days(613-626)between 1st Nov. till 9th Nov. and is now looking to break out of this range.(Generally referred to as NR7 breakout.)
The 600 level has worked as a very good support for the stock and therefore SL can be placed below it at 595-597 to try and catch the new upcoming wave that can give 40% returns going forward into 2024.
Note*- kindly try to understand the business model and key fundamentals of a company before making any investing decisions.
HDFCLIFE TOWARDS 800-840 levels
HDFCLIFE Ltd is trading in an up-sloping channel, and within this channel, there is a probability of a Shark Pattern, which if unfolds can take stock towards 800- 840 levels in the coming weeks and months.
Can't comment on how smooth is movement is going to be, but any dip in the stock would be an opportunity to go long in the stock, as long as the stock is trading above the 590-600 levels.
Positional Trade timeline: 3-4 months.
The upside of approx 25%, more if bought in the dip.
BREAKOUT IN HDFCLIFEThe stock has finally managed to move and sustain above 600 levels, which it was struggling to cross for the past many months.
Weekly closing above 620 levels would suggest further upside in the stock up to 750 and 850 levels in the coming months.
Any dip in the stock would be an opportunity in the stock to go long or add further to your long positions.
Immediate support zone 626- 590
Positional Targets:- 750 and 850
#HDFCLIFE... looking good 23.05.23#HDFCLIFE.. ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
HDFCLIFE--Bullish or Bearish ??------>> the stock is trending upwards.
-------->> now the price is at resistance facing some difficulty to move upwards,
---------->>broken the trendline and trading in a range, waiting for retest of supply and continue to fall down or take the help of demand zone and will again move upwards.
----------->> track this stock price from demand to go upside or breaks below sell on retracement to bottom demands.
we have demand @ 520 range.
supply @ 590 range.
keep track this instrument.
HDFCLIFE short positionThe price is respecting upsloping support. However it is approaching horizontal resistance.
Our strategy is to enter short position once the price breaks the upsloping support and back tests it and confirms it as a resistance.
The target: 458.20$
In validation of this thesis would be if the price comes back above the upsloping support