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HDFC LIFE INS CO LTDHDFC LIFE INS CO LTDHDFC LIFE INS CO LTD

HDFC LIFE INS CO LTD

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HDFCLIFE trade ideas

Hdfc life insurance Hdfc life insurance, this stock seems to have completed wave (II) of 3, as macd in weekly turned positive above zero line, as per price action this stock has given breakout with good intensity of volume in both weekly and daily time frame, wave structure suggests that now the stock is in wave (III) of 3, as wave (III) unfolds that can possibly push stock higher price zones near 958, one can go long at these levels or in dips (if any) with stop loss of 655, all the key levels are mentioned in chart with stop-loss and targets. Key levels are mentioned on chart Breakout in weekly with good intensity of volume Breakout in daily with good intensity of volume Wave Structure in Weekly Macd in weekly positive crossover and Uptick and also above zero line Rsi in weekly uptick and also above 60 Rsi in daily above 60 but waiting for uptick Dmi adx also positive with ungali setup in weekly Price above Upper bollinger band in weekly Disclaimer I am not sebi registered analyst. My studies are Educational purpose only Consult with your Financial advisor before trading or investing.
NSE:HDFCLIFELong
by RK_Chaarts
HDFC LIfe on a Bullish reversal.. Volume Price AnalysisAn example of how we can use Volume as a secondary confirmation to Price action. Arrows point out to the Volume analysis of the underlying price action 1) Big Red Bar and the 1st arrow signals Smart Money' loading up their warehouse signaling start of a consolidation sideways.. 2) 2nd arrow points out the anomaly the large Seller volume is not reflected in the underlying price movement depicting sellers exhaustion and inability to take the market further down 3) There is one more retest of the low with one big Red candle but the low of 657 didnt break. 4) 1st Bull move on 2nd June with Buy VOlume accompanied by equal big move in price is seen on 2nd June. Signaling smart money has completed the purchase and now ready to trigger the big move up. 5) Break out happens on 8th June with above average volume and decent candle spread 6) Low volume test on 14th June confirming the Buyers can now take this up. 7) 15th June - Move up starts. My Position - Took entry on completion of Test at 682. Using FIbbo for my Exits with Target1 - Partial offload at 1.33 Fib level at 774 and Target2 - Remaining at 1.618 level - 889.5
NSE:HDFCLIFELong
by mvso999