HDFC LIFE (Will the Highly Valued Stock come faltering down ?)HDFC Life has consolidating since it last tested its all time high of around 650 levels and has been forming a triangle. Currently the Price seems to be heading towards the support line of the triangle. A breach of 565 levels (A support zone and the support line of the triangle might take the price down even further. However don't bet against it reversing. It is even possible that post test of the 565 levels the triangle is respected and the price reverses with the formation.
Should be an interesting trade in case it breaches or reverses.
Checkout SBI Life as well you might see something similar.
HDFCLIFE trade ideas
Perfect reverse H&S patternIf any one wants to buy stock for long term, then go with HDFC-Life. It has potential to go till 950-1000. Reasons are :
a) Forming HH-HL on monthly time frame means it's an uptrend.
b) Forming reverse H & S on weekly time frame whose neckline is 645-650.
c) Option B becomes very strong because of option A.
d) Above 200-DMA & 200-EMA on (15min, 30 min, 1hr, daily & weekly) and above 50-DMA on (15min, 30min, 1hr, daily & weekly).
e) Because of Covid ( people are getting insured now a days).
Regards.
Max Target - 950-1000
SL 525
Perfect reverse H&S patternIf any one wants to buy stock for long term, then go with HDFC-Life. It has potential to go till 950-1000. Reasons are :
a) Forming HH-HL on monthly time frame means it's an uptrend.
b) Forming reverse H & S on weekly time frame whose neckline is 645-650.
c) Option B becomes very strong because of option A.
d) Above 200-DMA & 200-EMA on (15min, 30 min, 1hr, daily & weekly) and above 50-DMA on (15min, 30min, 1hr, daily & weekly).
e) Because of Covid ( people are getting insured now a days).
Regards
Max Target 950-1000
SL 525
Rocket Deal #5Rocket Deal is a series of high probability breakout ideas with time horizon of 2-3 weeks with 10-15% targets . Most of the time you will see the breakouts within 2 days. This maybe useful for swing traders.
NSE:HDFCLIFE in the consolidation zone. Stock will breakout soon. Risk Reward calculation is mentioned in the chart.
Assumption : Every trade idea begin with 100 bucks , Risk Reward statistics shows how much you may earn/loose when target/stop hits. Never stick to loosing trade.
HDFCLIFE - KEEP ON RADARIF YOU GET THIS NEAR 565, BUT IT FOR UPMOVE FROM THERE
IF BREAK 565 THEN 554 AND 545 CAN BE SEEN ON DOWNSIDE
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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599 BUY TARGETING NEW 621 & ATHGutted missed out on TATA consumer today however happy with the past few scalps in Intra .This one looks good for max leveraged day trade trying to scan for setups with a higher probability of a big move .
This looks like a nice risk /reward and sitting just above decent support attempting for the 6th time to break resistance of 646 and target new high's.
Stop loss 589.65 if your're swinging other wise for intra hop on if it dips a bit on open .
On the daily 50 day has just crossed the 99 and 200 to the upside just feel price discovery for this should be fun :)
Keep a target in mind , keep a SL in place and be patient with your entry and exit... emotions get to the best of us but if you have some sort of plan it helps remove emotion aka fear !!!
Cheers!
HDFCLIFENSE:HDFCLIFE
IT HAS CLOSED NEAR ITS SUPPORT OF 630, THE LEVELS HAVE BEEN MARKED ON BOTH SIDES FOR ENTRY FOLLOW THE ENTRY LEVELS AND TRADE DIRECTIONALLY.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
********************************************************************************************************************************************************************************************************************************************************************************************
Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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