HDFC LIFE INSURANCEHDFC LIFE INSURANCE LONG POSITION REVERSE HEAD AND SHOULDER POSIBLE 4 TIME RESISTANCE TOUCH RESISTANCE WEAK
HDFCLIFE
HDFC LIFE WHEREVER TRIANGLE BREAKS TAKE ENTRY AND CONTINUE WITH HDFC LIFE WHEREVER TRIANGLE BREAKS TAKE ENTRY AND CONTINUE WITH
HDFC LIFELook at the chart which i have explained the pattern type and if you are agree with me then follow that !
HDFC LIFENSE:HDFCLIFE
Long on hdfc
Broke tl
Good rr
Views invited
Last month premiums een comming to normalmancy
Seems good for hdfc life
HDFCBANK LOOKING STONG ON DERIVATIVE DATA - 1200+++HDFCBANK LOOKING STONG ON DERIVATIVE DATA - 1200+++
HDFC LIFE INSThis stock has been in an uptrend since the past month, thus, it will be showing some correction. The stock is forming an ascending wedge which is a sign of weakness in the price action. The price has not been able to push past the resistance level i.e. 608-610 level.
The price is going to move towards the 565-570 level. Thus, I would insist no fresh position should be acquired at this point.
According to fibonacci retracement, the price is bouncing up and down in the 23.6% level but further uptrend is highly unlikely. HDFC Life will be bearish for the next 5-6 trading sessions. Acquire fresh positions once the uptrend is confirmed.
Thanks
P
Hdfclife daily chart had formed a Bat pattern#HDFCLife : Hdfclife daily chart had also formed a Bat pattern and currently trading around its prz zone.
This pattern is important because its prz aligned with the important price action resistance at 600 levels.
Watch price action carefully in the zone of 595-616.
At this time, where the market itself is at critical levels, many leading stocks have similar pattern formation.
Take a little challenge and post charts having a bat pattern in place and ask me questions, where are you are finding difficulty in identifying the pattern.
Share it for wider participation
HDFC LIFE for intradayHDFC LIFE can be used to intraday trading purpose. The entry and exit ideas are given in teelegraaam cchaanneell UG MARKET.
ascending triangle in HDFCLIFEFrom past months. HDFCLIFE has been contracting in ascending triangle movement. waiting for breakout above 550-560 range.
HDFC LIFE INSURANCE LONG POSITIONFOR ANALYSIS, PLEASE READ COMMENT IN CHART.
TARGET 630
STOPLOSS 510
HDFCLIFE - Breakout from 3 months rangeStock did a breakout from 3 month range, same structure can also be seen in the group companies like, iciciprudential, sbilife.
This breakout can probably take stock to 585 and 660 levels.
Stop can place at 485 levels.
HDFC LIFE : Looks WeakThe 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.
HDFCLIFE - TARGET DONE 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.
HDFC LIFE - is the move over How far stock can still go with the following resistance at place
FiB resistance
Trendline Resistance
RSI resistance
