HDFCLIFE trade ideas
HDFCLIFENSE:HDFCLIFE
This chart was shared on 25th June, and since then breakout is being carried out with full force, it can again be entered with a stop loss of 612 for a target of 621, 626 and if sustains then 630.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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HDFC LIFE INSThis stock has been in an uptrend since the past month, thus, it will be showing some correction. The stock is forming an ascending wedge which is a sign of weakness in the price action. The price has not been able to push past the resistance level i.e. 608-610 level.
The price is going to move towards the 565-570 level. Thus, I would insist no fresh position should be acquired at this point.
According to fibonacci retracement, the price is bouncing up and down in the 23.6% level but further uptrend is highly unlikely. HDFC Life will be bearish for the next 5-6 trading sessions. Acquire fresh positions once the uptrend is confirmed.
Thanks
P
Hdfclife daily chart had formed a Bat pattern#HDFCLife : Hdfclife daily chart had also formed a Bat pattern and currently trading around its prz zone.
This pattern is important because its prz aligned with the important price action resistance at 600 levels.
Watch price action carefully in the zone of 595-616.
At this time, where the market itself is at critical levels, many leading stocks have similar pattern formation.
Take a little challenge and post charts having a bat pattern in place and ask me questions, where are you are finding difficulty in identifying the pattern.
Share it for wider participation
HDFCLifeBreakout for 50Rs.
Red to Green
Price above 200 EMA and 50 EMA
35 to 40 Rs can be kept as target as resitance expected in that level
HDFC LIFE for intradayHDFC LIFE can be used to intraday trading purpose. The entry and exit ideas are given in teelegraaam cchaanneell UG MARKET.
HDFC LIFEIt has broken the trendline and is in a positive zone, once crossed 546, next targets are 557 and 573
ascending triangle in HDFCLIFEFrom past months. HDFCLIFE has been contracting in ascending triangle movement. waiting for breakout above 550-560 range.
HDFC LIFE INSURANCE LONG POSITIONFOR ANALYSIS, PLEASE READ COMMENT IN CHART.
TARGET 630
STOPLOSS 510
HDFCLIFE - Breakout from 3 months rangeStock did a breakout from 3 month range, same structure can also be seen in the group companies like, iciciprudential, sbilife.
This breakout can probably take stock to 585 and 660 levels.
Stop can place at 485 levels.
HDFC LIFE IF BREAK LEVEL OF 424 WITH GOOD VOLUMEIT WILL GOT TO 440 LEVELS EASILY
SL 413
MACD CROSS OVER AND RANGE BREAK OUT ALSO HAPPENED
