HDFCLIFE trade ideas
HDFClife - Approaching Trendline Support + Gap FillingHDFClife is one of the bullish stock which have printed new ATH after the Pandemic sell off.
It Made a ATH of 688 after breaking previous all time high of 645-650 which was a strong resistance.
Since then the stock have corrected 50 rs and now trading at 635.
As per my analysis the stock should have not closed under 645 but there is a gap at 630 which it needs to fill.
So, in next couple of days, it may fill the gap and will also approach trendline support at 628-630.
I would look for long entry around 630 or with a stop loss of 615 on closing basis.
Targets are 645 and then new ATH.
HDFCLIFE - Round Bottom BOHdfclife given breakout on round bottom and retested with huge volume rejection, Journey to all time high started. Targets on chart...
HDFCLIFE Daily BEARISH Butterfly & Crab@1.902XA Strong POTENTIAL REVERSAL Zone
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
HDFC Life - Intraday Trade SetupHDFC Life CMP - 646.80
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 643 Only / Stop Loss - 651
Target 1 - 640
Target 2 - 637
Target 3 - 635 / 632
Disclaimer: This is my view and for educational purpose only.
HDFC Life bullish Go LongInverted head & shoulder pattern broken from neckline and retesting Nackline
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+
