HDFCLIFE trade ideas
HDFC Life InsuranceBearish ABCD Pattern | 15 Min Timeframe
Stop Loss - 530
Sell Below - 520
Target 1 - 500
Target 2 - 490
HDFC LIFE - is the move over How far stock can still go with the following resistance at place
FiB resistance
Trendline Resistance
RSI resistance
HDFC LIFE INSURENCEhdfc life assending traingle formation in 1 hour time frme ,it would be up in next week approx 550 .but first it should close above 520
Long Positions Can Wait For SometimeOn the daily charts, HDFC Life has formed a Double Top pattern. A breakdown was observed on 9th March 2020. Subsequent to which lows of 340 was achieved 23rd March 2020. An intermediate rally has taken the stock to 495 as on 19th April where it faces major resistance of the primary trend line as well as a resistance zone in general. If the stock is not able to give a clear breakout on the upside, the stock could test its lows again. Also the rally mentioned beforehand does not have volumes to give an upside momentum. Until and unless the scrip gives a decisive close above 530, going long would not be advisable. Also if the reverses from current price of 495, we could see our targets of 455 (T1); 412 (T2) & 344 (T3).
As mentioned before, this view will be negated if the stock gives a closing above 530.
HDFC Life long above 488 Target 514 and 540 SL 474HDFC Life saw a good pullback from 459 and closed at crucial support.
HDFCLIFE START ACCUMULATION
MY view on the stock is it will reach Rs.560
or
We shall exit that stock in the month o August
Time cycle shows that.
Easy 2R TradeConfluence of Trendline & Horizontal support
Horizontal support has been retested already.
This should prove to be a quick 2R
HDFC life 4h Head & Shoulder Pattern and TargetHDFCLIfe is trading below 55 DMA for the first time after May this Year.
4hour Chart printing Head and shoulder pattern with 565 being the neckline.
If Price breaksdown the neckline then the H&S Target is 525.
HDFCLIFE head and shoulder patternHDFCLIFE forming head and shoulder pattern in Daily and Hourly charts.
Further Consolidation is next
hdfc life Insurance.Expecting a retrace down to 0.618 fib level after multiple bull and bear trap wicks. should be a great buy for positional traders around 390-420 ranges (highlighted in green). More importantly for this pattern to workout, need a W close below previous candle.
#HDFCLIFEHDFCLife is now making Higher Highs and lower lows to if 61.8(446) level holds its is going to 78.6 Fib (476). Will add more at 427 (50% Fib)
HDFCLIFE sellside dark cloud cover"Discipline is the main key to success, Strictly enter and exit on levels"
as this is facing strong resistance and gave 'dark cloud cover' on daily.
one can short at 445 with sl of 460 for target of
412 partly book at 435- 420 lets see
STUDY PURPOSECUP AND HANDLE FORMATION IF CLOSING TODAY ABOVE THE YELLOW LINE THEN GO TO LONG. THIS IS ONLY FOR STUDY PURPOSE NOT RECOMMENDED.
HDFC Life...First viewHello Traders,
initial assessment of HDFC Life Insurence.
After going public HDFC Life has risen to 548.25. This move look correctiv, and after completing it, a decline which shows a „five-down“ took place. This move is not finished.
Note the alternation in EW-terms between wave 2 and 4. As wave 2 went sharp and quick, wave 4 took the shape of a sideways move and went even longer. The decline since 409.40 is not all, but a good portion of a possible wave 5 of C! A decline below 344.40 will set the stage for another leg down.
But for now it fulfill the complete pattern of a five-down!
At 344 price hit this level for a second time, after 2017-11-17. If this level will beaten down, the doors are open to the low at 307, the low of the first tradingday.
Below this price, there is nothing. No support, no nothing and may the doors will be open for a dramatic decline.
Let`s look how this stock will perform in the coming weeks.
Have a great Sunday
ruebennase
