HDFCLIFE trade ideas
HDFCLIFE - Bearish H&S Pattern - Intraday/Very Short TermThis analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't chase the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion
cup and handle pattern breakout and retest donefinding an buying opportunity .....breakout of cup and handle pattern with retest done.
HDFC LIFE - BUY ABOVE 680HDFC LIFE LOOKS IN EXCELLENT UPTREND ABOVE 680 LEVEL.
HEAD & SHOULDER PATTERN FORMED , BUTENTER WITH MIDSET OF STAYING FOR LITTLE LONGER..INVEST AND ACCUMULATE IN SMALL QANTATIES.
HDFC LIFE - Inverted Head and Shoulder HDFC Life has given a breakout from Inverted Head and Shoulder pattern in weekly charts. Looks great for all time highs.
INVERSE HEAD AND SHOULDERFORMATION OF INVERSE HEAD AND SHOULDER
PAPER TRADING
accumulate till 544 with sl 527
BREAKOUT ABOVE 646
TARGET 1000
HDFCLife : Inverse H&S Pattern TargetsHDFClife is trading at the trendline at 645. This is the 4th attempt to break 650 levels and if it breaks, this stock might slowly move up towards 730 in short term. Long term we can see 950 levels.
For this pattern to work, it has to close above 650 on daily basis.
Buy once the breakout is confirmed and retests 650 level for the targets of 730 short term.
HDFC LIFEIf it sustains 663 level in next two trading sessions, then the next achievable target would be 697+
Scenario 2: if it reaches 683 today (19-11-2020), then it shall retrace back to 670's and then try to move up 697+
HDFC LIFE - inverted head and shoulderAn inverted head and shoulder pattern formed over a span of one year. Stock fell to 320 levels and back to 600 odd levels. a perfect break out and entry point for a substantial upside of 300 points. consider buying for 950-1000 levels. Ideal risk reward ratio. Exit if 600 is broken and closes below it.
HDFCLIFE Big breakout in weekly chartInverse H & S Pattern breakout in weekly chart and making new life time high.
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HDFC LIFE INSURANC Daily Bearish Butterfly Earlier this same Pattern given good reaction on Type1 entry
now price when again come into PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL & after getting confirmation within 3-5 price bars with Bearish candle and RSI Below 70 with low volumes set up becomes valid
POTENTIAL SELL
HDFC LIFE INSURANCEHDFC LIFE INSURANCE LONG POSITION REVERSE HEAD AND SHOULDER POSIBLE 4 TIME RESISTANCE TOUCH RESISTANCE WEAK
Hdfc Life (A Simple Channel Breakout Strategy)Hdfc Life is in a channel formation and might be a good candidate for a Channel breakout Trade.
