HDFCLIFE BullishPrice MAking new %@ Week high on Above Avg Volumes And Breaking out of A Triangle On the higher side
HDFCLIFE trade ideas
HDFC LIFE LONG INTRADAY 23FEB 2021Dear trader,
If u look at the chart of HDFC LIFE (analysis based intraday only) the HDFC support 1 @705 and support 2 @685 and resistance at 715.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
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HDFC LIFE (SWING TRADE)time frame - 30min
pattern - double bottom+trend line breakout
risk-reward - 1:4.5
Hdfc life still working in a channel..Since its listed its on a channel..
Sharing my observation.. rest u can check on the chart..
HDFCLIFE taking support on previous gap#HDFCLIFE looks good for long if sustain above 646, with SL 626.
It has broken the major resistance level of 646 and now taking support near the same levels.
Todays candle having high volume, good reversal sign.
HDFC life insuranceLong positions on daily can be taken.
Inverse head and shoulder pattern in play (with a good re-test)
Double bottom break
Trendline starts to get solid
Stock is above 200 MA
HDFC Life looks to be an injured BULL ? We shall see tommWe can expect a cooling off leading to retracement in HDFC life tomorrow if the price action is denoting weakness below the marked line then a achievable target should be in place for us .
#HDFCLifeNSE:HDFCLIFE HDFCLife is beautiful poised. Late Spotting - Monthly has recently given a breakout and weekly has Inverse Heads & Shoulders Pattern. Good long candidate.
Bel Breakout Setupbel price made good close above daily resistance and made really good S/R flip
now breaking above 3 hour resistance zone.
Long : 1.0 - 1.04 Small position
Stop : 0.92
Target : 5% to 30%
HDFCLIFE 1h - Elliot Wave 3HDFCLIFE 1h
ELLIOT WAVE
= 617.4 - 686.35
= 68.95
= 686.35 - 667
Wave 3 Targets : 735.95 (x1)
754.15 (x1.2)
Wave 3 Movement will be severe as Wave 2 is flat movement
