HDFCLIFE 1h - Elliot Wave 3HDFCLIFE 1h
ELLIOT WAVE
= 617.4 - 686.35
= 68.95
= 686.35 - 667
Wave 3 Targets : 735.95 (x1)
754.15 (x1.2)
Wave 3 Movement will be severe as Wave 2 is flat movement
HDFCLIFE trade ideas
HDFClifei'm a Beginner, just studying a price action...may be it is helpful for Someone to Scalp for intraday....
HDFCLIFE Head and Shoulders NSE Setupprice make huge head and Shoulder's pattern on weekly time frame
Neckline breakout done
Support Buy 635 - 650
Stop : 550
Target : 700 , 750 , 835 , 900 , 1000
HDFC LIFE - ELLIOT WAVEAFTER CORRECTION UPTO 0.5 RETRACTION OF WAVE 1 RANGE, NOW WAVE 3 IS STARTED AND WAVE 3 TOP WOULD BE AROUND 830
Long Term Resistance broken and holding Support + EMA Bounce642 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.
HDFC Life insurance....Consolidation and up move possible.
Trend and trading levels plotted.
enjoy trading....
Go long if open flat or almost flat and cross level Go long if open flat or almost flat and cross level
HDFCLIFE - Breakout through restance zoneHDFCLIFE has given breakout on a dull day.
Overall we ca say that this will be going upwards in few sessions from 11th December.
HDFClife - Approaching Trendline Support + Gap FillingHDFClife is one of the bullish stock which have printed new ATH after the Pandemic sell off.
It Made a ATH of 688 after breaking previous all time high of 645-650 which was a strong resistance.
Since then the stock have corrected 50 rs and now trading at 635.
As per my analysis the stock should have not closed under 645 but there is a gap at 630 which it needs to fill.
So, in next couple of days, it may fill the gap and will also approach trendline support at 628-630.
I would look for long entry around 630 or with a stop loss of 615 on closing basis.
Targets are 645 and then new ATH.
HDFCLIFE - Round Bottom BOHdfclife given breakout on round bottom and retested with huge volume rejection, Journey to all time high started. Targets on chart...
HDFCLIFE Daily BEARISH Butterfly & Crab@1.902XA Strong POTENTIAL REVERSAL Zone
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
HDFC Life - Intraday Trade SetupHDFC Life CMP - 646.80
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 643 Only / Stop Loss - 651
Target 1 - 640
Target 2 - 637
Target 3 - 635 / 632
Disclaimer: This is my view and for educational purpose only.
