INVERSE HEAD & SHOULDER BREAKOUT IN HDFC LIFEHDFC LIFE A GOOD BUY?
HDFC LIFE Insurance had broken out of the the Inverse Head & Shoulders neckline on 17th Nov 2020 . Refer to the image above to see the breakout and re-test of the neckline.
The prices had broken out and have already re-tested the neckline, now is the best chance to enter into the trade and BUY, take advantage of the price action . As we know the Target for the Head & Shoulders is the difference between the Neckline and the Peak. However, to be on the safe side I have taken the distance between the smaller peak and the neckline. Refer to the image below to see the targets & smaller peak.
Remember to enter only above the last day's high which is at 650 . So you can BUY above 650 You can also have a trailing stop loss to have multiple entry & exit points. The 1st Major target is around 765 price level & the 2nd Major target is around 800 price level .
Happy Trading & Investing, let me know if you liked the analysis and please give your feedback to help me publish ideas better.
Futures
Nifty: Chart set up and trading view
Nifty
CMP 12540
Nifty opens gap up yet another day and is up 75 odd points. So is it time to celebrate or time to be cautious???
Lets look at chart set up
In the chart we observe
- Nifty Breakaway Gap up
- Nifty Continuation Gap up
- today's yet another Gap up opening could potentially turn out to be an Exhaustion Gap
So it would be wise not to get too excited for any fresh entry in Nifty for Long position
Given the set up, One may consider selling
Nifty 12600 Call option
Expiry: 12 Nov
around 55-62 ( CMP 58.5)
The strategy gives protection for a rise in price up to 12658
Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- Use this for educational purpose
- Any decision you take you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
bitcoin : parabolic! hasn't even taken a breatherbitcoin is on a parabolic run, this is the kinda trend where you don't wanna guess the top, btc has a habit of exceeding expectations, on the 4hr it hasn't touched the green band in 35 days! & is up 40% since last time it did. Same enthusiasm can be seen on the 1min chart. Anything is possible.
SGXNifty vs Nifty50The difference is mentioned on the chart. As you can see the white line which represents Nifty50 is flushed together against the price movement of the SGXNifty. Traders use this instrument to gather a sense of the direction of the market for the day. This is not a sure shot method of determining the open or the direction, but it offers a good indication.
Today, the SGXNifty is trading about 20 points lower (7:45am), indicating a flat open for the day. When you come into the market with a bias, this can either confirm or reject that bias and help you create a more accurate trade plan for the day.
Nifty showing resistance from its important trendline...As we have seen that nifty is taking resistance from its importance trendling on daily time framealso we have decreasing momentum on RSi showing that the buyers are dimnishing. 11400-11450 comes out be important resistance zone one must stay cautious here. Longs should be avoided here.. if any correction comes nifty can test its previous support levels of 11000-10800 zones...
Nifty Chart setup and strategy Nifty
CMP 11414
- Nifty is trading near crucial resistance zone of 11433-11536
Given the set up consider selling Nifty 11500 Call Option
Discliamer:
- The view expressed here is my personal view
- Use this for educational purpose
- Any decision you take you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Take care & safe trading..!!!
Nifty Trading strategy for 27th Augu 2020Nifty
CMO 11210
Strategy explained in the chart
Exit from Strategy if Nifty daily closing is below 11060
Discliamer:
- The view expressed here is my personal view
- Use this for educational purpose
- Any decision you take you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Take care & safe trading...!!!
Nifty: Strategy for 13 Aug expiryNifty
CMP 11350
Nifty consider selling 11400 Call option around 40
Loss protection for a rise up to 11440
Take care & safe trading
Discliamer:
- The view expressed here is my personal view
- Use this for educational purpose
- Any decision you take you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be