HDFC LIFE INSURANCEHDFC LIFE INSURANCE LONG POSITION REVERSE HEAD AND SHOULDER POSIBLE 4 TIME RESISTANCE TOUCH RESISTANCE WEAK
HDFCLIFE trade ideas
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.
HDFC LIFE - AVWAP acting as Laxman RekhaHDFC Life - AVWAP posing a strong resistance line. Notice the divergence in AD Line too. Not enthused until it crosses the AVWAP with Volumes.
Disc: Not a SEBI Registered. I post charts for my own study.
HDFC LIFE INSURANC 1HRDaily & 4HR BEARISH GARTLEY + 1HR Deep Crab @1.902XA FORMING 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 INSURANC 4HRCONFLUENCE OF DAILY & 4HR BEARISH GARTLEY ZONES 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 INSURANC Daily BEARISH GARTLEY
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 WHEREVER TRIANGLE BREAKS TAKE ENTRY AND CONTINUE WITH HDFC LIFE WHEREVER TRIANGLE BREAKS TAKE ENTRY AND CONTINUE WITH
HDFCLife falling wedgeHdfclife formed falling wedge.. buy on dips or on support.. target mentioned on chart.. chart is for educational purpose only..
Hdfc Life (Will the stock fall further?)Hdfc Life has been consistently forming lower highs and lower lows for the last 2-3 months however for the last few weeks while the stock has been forming lower highs it has formed a consistent low as indicated by the small yellow support line. The support area is also accompanied by a Red line which is the 200 EMA which is holding up strongly as well.
Any breach of that support area should give a quick 2-3% move and might see the stock fall further.
However Any breach of the upper trend line will also take the stock upwards and we might see some strong movement supported by volumes. On Friday the stock saw some strong volumes with volumes for the day standing at around 5-6x daily average volume in the last 3 months indicating a strong accumulation that happened. The stock has been facing downward pressure for a while and with the result movement played into, technicals should have its say now.
However with the incoming US Elections on the 3rd of November, please take into consideration that volatility will be peaking and we might see some wild movements within the day. Please try and cover overnight positions with a hedge (Futures, Options, Cash) just to be on the safe side.
HDFCLIFE LONGHDFCLIFE CMP 565
Above 590 target 610 630 648.If closes above 650 wcb can expect 700 750 800+ support 540 wcb
Channel breakoutBreaks a channel with high volumes.
Trading above 50MA , 100MA and 200MA.
A buying opportunity occurs with a target of up to 600 .
Short HDFCLIFENSE:HDFCLIFE
HDFCLIFE seems to be in short term downtrend. Has tested 573.5 levels few times in last month. And has now broken that support. Idea is to Short HDFCLIFE near 573.5. SL: closing above 586.5 on hourly basis or on the basis of convincingly breaking trendline. Target 540.
HDFC LIFELook at the chart which i have explained the pattern type and if you are agree with me then follow that !
