HDFCLIFE support and resistance trend line since 2018Analysis on HDFCLIFE.
Testing its trend support and resitance line around 5 times.
Taking the resistance line (range btw March to August) as support line.
HDFCLIFE trade ideas
HDFC HOURLY CHART Triangular pattern along with double bottom , intraday tgt 740-742 . positional 753-755
HDFC LIFEHDFC LIFE FACING ...HORIZONAT RESITANCE and Tren Resistance...downside will be open if it will break 725........for target 695-700............
HDFCLIFE - Pullback TradeThis is excellent timing for a trade-in HDFC life, considering the stock did a breakout a few weeks ago and then started pulling back to the immediate support.
Last week stock formed at spinning candle at the support zone: 717- 725.
Currently, the stock is trading around 729, and if it sustains 700 levels, it mostly is then moving towards 788 and 833 in the coming weeks and months.
Type of Trade: Long -Positional, Pullback trade.
Buy HDFCLIFEBuy With 719.5 SL & target for 740-750
It's still not break it's 720 Support, So looking strong for 750 level
Channel Breakout and retest done.Stock Analysis: HDFCLife has broken the channal and retest done with reversal pinbar it is good buy on current level with below demand zone as stop loss level for the given target on the chart.
Lets' see
Happy Investing!
HDFCLIFE EXTREME sport zonehdfclife analysis privos day low your stop loss and target 8 9 rupee your target
HDFCLIFE seems making breakout 1. NOW On trialngle
2. Very high volume on last 1hr candle
3. taken support form edge of triangle
Hdfc life insurance Hdfc life insurance, this stock seems to have completed wave (II) of 3, as macd in weekly turned positive above zero line, as per price action this stock has given breakout with good intensity of volume in both weekly and daily time frame, wave structure suggests that now the stock is in wave (III) of 3, as wave (III) unfolds that can possibly push stock higher price zones near 958, one can go long at these levels or in dips (if any) with stop loss of 655, all the key levels are mentioned in chart with stop-loss and targets.
Key levels are mentioned on chart
Breakout in weekly with good intensity of volume
Breakout in daily with good intensity of volume
Wave Structure in Weekly
Macd in weekly positive crossover and Uptick and also above zero line
Rsi in weekly uptick and also above 60
Rsi in daily above 60 but waiting for uptick
Dmi adx also positive with ungali setup in weekly
Price above Upper bollinger band in weekly
Disclaimer
I am not sebi registered analyst.
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing.
HDFCLife Long Add the stock if it retraces.
SL 690 WCB
Target 1000
Recommendation is to Hold as Insurance sector
overall will gain from increased awareness
and adoption post covid.
HDFC Life Short Term ReversalThe stock has breached lower trend line and took support in nearby support + 200 EMA due to results and might be in for a high risk reversal rally. Trade is supported by brokerage calls and major supports before SL levels. Target is placed near all time high with a risk reward ratio of 2:1. Any Breach in the major support level below should signal exit.
Caution : High Risk Trade.
TATApower INTRADAY CALL hello everyone this is stock of tata power in 15min time frame.
Tomorrow can be a good day to take trade in this stock because it has consolidated in a triangle pattern the whole day.
if it gave break out or break down take the trade.
Thank you so much!!
HDFC Life 30-Aug 2021Stock is playing in the channel formation
Not able to break the major support or resistance
680 is current PoC
HDFC LIfe on a Bullish reversal.. Volume Price AnalysisAn example of how we can use Volume as a secondary confirmation to Price action.
Arrows point out to the Volume analysis of the underlying price action
1) Big Red Bar and the 1st arrow signals Smart Money' loading up their warehouse signaling start of a consolidation sideways..
2) 2nd arrow points out the anomaly the large Seller volume is not reflected in the underlying price movement depicting sellers exhaustion and inability to take the market further down
3) There is one more retest of the low with one big Red candle but the low of 657 didnt break.
4) 1st Bull move on 2nd June with Buy VOlume accompanied by equal big move in price is seen on 2nd June. Signaling smart money has completed the purchase and now ready to trigger the big move up.
5) Break out happens on 8th June with above average volume and decent candle spread
6) Low volume test on 14th June confirming the Buyers can now take this up.
7) 15th June - Move up starts.
My Position - Took entry on completion of Test at 682.
Using FIbbo for my Exits with
Target1 - Partial offload at 1.33 Fib level at 774 and
Target2 - Remaining at 1.618 level - 889.5
Resistance zoneIf it closes above the line, we can expect it to rise
Otherwise we can use this line as intraday sell zone
HDFC LIFE INSURANCE, A New Entrant In My Longterm Portfolio.HDFC LIFE INSURANCE has seen a decent correction from its all time high prices. Currently its hovering over its 200 day EMA. A bounce back is in the works.
The company has seen increasing sales over quarters, plus we can see increased institutional buying. Its outperforming benchmark indexes plus sectoral indexes. The company is surely on my watchlist and im adding on each corrections.
HDFC LIFE INSURANCE Hdfc life.. DAILY view looking correction point price gradually decrease step by step finally best buy for long 560 good support 👍 565 ..
HDFC crucial supportHDFC crucial support,if break 660 next support 570...if breakout from 730 then target 900 intact
Swing TradeTrading for a living,
#HDFCLIFE (daily)
- Major Support near 655-661
- Taking Support over demand zone
- Bounced thrice from demand zone
- Need a volume triggered bounce
- Buy above 660-63
- Stoploss 639
- Target 678/694/711/729+
#SwingTrade
