HDFCLIFE trade ideas
HDFCLIFE SHORT (INTRADAY NOV17)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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HDFCLIFE has broken bearish flag on daily and in 15 min after breaking bearish flag it is making Ascending triangle. wait for breakdown and we could see downside movement. Thank You !
HDFCLIFE LONG (INTRADAT NOV 9)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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HDFCLIFE on daily it is trying to start uptrend from daily support zone and in 1 hour chart it has made ascending channel and currently it has come at the demand area so from this zone buying pressure could step in.Watch patiently. Thank You !
hdfclife on reactangle support 1st target 560
final target 586
stop loss 510
>hdfclife formed a power candle with surge in volume exactly on an important support level.
>also there is a formation of type of a morning star.
>hdfclife is in a rectangle pattern which makes it a simple trading stock.
>also it is a part of nifty 50
>nifty 50 formed a bearish candle whereas hdfclife formed a bull power candle (marubozu candle), this is a sign that in a bear market, bulls are their in hdfclife stock.
HDFCLIFE is near support line of channel patternNSE:HDFCLIFE large cap stock trading at 30% below it all time high formed a year ago (2021-09-02) is near the support of channel pattern formed from its inception in 2017.
Fundamentally strong company with good PE ratio, Dept to asset ratio, financially good revenue and profits, holdings wise no major sell off, consistent dividend payer.
Short term : For short term gains, buy at channel bounce around 530 and above and exit at 15% gains.
Long term : Since the channel is formed from 2017, higher gains can be obtained in long term by accumulating more at lower levels. Buy around 530 (optional) and average around 450, more at lower levels. Exit can be near the resistance reversal or after breakout (if any). This can nearly provide 70% for full up move.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
HDFCLIFE - BTSTwe are looking HDFCLIFE bullish move.
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