HDFCLIFE ( Education purpose only )Weekly- MACD down
Daily- MACD down
RSI is below 40
ADX is strong
Bollinger band challenged on downside.
HDFCLIFE trade ideas
We might see downmove on HDFCLIFE TOMORROW I am expecting HDFCLIFE to break below 616 tomorrow and will hit 596 . However RSI showing positive divergence so we shouldn't hold the trade for too long .
HDFC Life Short and Long ideaChances are there that it will reach 617 on daily basis and will get reversed from there on for the targets of 629, 643 and 667. One can short now at 627 and can close the position and buy @617-620 for the above mentioned targets.
HDFCLIFENSE:HDFCLIFE
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My view on HDFCLIFEHDFCLIFE may give trendline breakout above 677-678.Looking tgt 690-700++ in very short term.Keeping on radar HDFCLIFE 680 CE.
HDFCLIFEAfter rejecting from 654-656 levels multiple times, finally HDFCLIFE broke out with decent volumes.
Could be bought with mentioned stoploss & target
HDFC LIFE INSURANCEPrice had broken the trading the range.
A base formation took place and now price is about to enter the trading range.
Swing Trade PlanPlease find the SETUP on the chart..........................................................
Swing Trade PlanPlease find the SETUP on the chart..................................................
HDFC Life is moving upThe stock shows upward signals where the near termtarget seen at 676.5, it it cross then moving towards 700/= and above.
HDFC life - Breakout tradeKeep on radar for breakout trade.
A pullback and then a breakout will give an opportunity to go long.
Breakdown of major support in hdfc life Will go short below 654 stoploss 662
Targets 644/630 and below
HDFCLIFE BUyHDFCLIFE Buy for day trading if break the given resistence and then we will enter in trade
HDFC Life (Long)See HDFC Life we have shared earlier
buy at 700 -720
Tgt 759 - 775 - 800
SL 650 -675
Please Correlate by yourself also on charts. This is for Educational and Paper Trading Purpose Only. Must Consult your financial advisor before Investing.
HDFCLIFE - Long view for Educational purpose onlyThe stock has moved above its major support area and is trading above the next support area of 674 levels.
We have a strong bullish candle on the daily time frame.
Kindly refer below mentioned trade details for study only.
BUY
ENTRY 700
STOP LOSS 691
TARGET 723
PROFIT 2556
LOSS 1000
QUANTITY 111
On the lower side
SELL
ENTRY 670
STOP LOSS 680
TARGET 639
PROFIT 3100
LOSS 1000
QUANTITY 100
Head & Shoulders pattern in HDFC_LIFE.This stock is heavily traded by computers as it forms quite unusual consolidations and unidentifiable patterns, although while lurking into its chart for awhile, I saw a pretty clear head & shoulders(which indicated a bull run inbound). This thread isn't really a forecast but just for a small record that how we can earn from algorithmic traded stocks. Just look for typical supply and demand zones, and ride the trend when you can, though your profit margins wouldn't be much, however a big lot size would do the trick.
-Happy Trading !!!
