Classical BO failure example. The stock broke out a inverted H&S pattern and now coming to retest the same pattern BO levels.
Retracing to a round level of 600 which will be the exit levels for BO buyers.
Good for long term here. It MAY bounce back from this level.
Entry: 580-595
SL: 500
Target: 740
Disclaimer: Not a buy or sell recommendation. Please consult...
Date : 14-Mar-2024
Rating : Buy - Positional Trade
LTP : Rs. 622.25
Targets: (1) Rs. 648 --> (2) Rs. 710 --> (3) Rs. 746 --> (4) Rs. 775
SL : Rs. 600
Technical View:
• NSE:HDFCLIFE is in its primary uptrend since Mar-2023.
• From Dec-2023 to Feb-2024, It was going through secondary down trend within primary uptrend.
• NSE:HDFCLIFE has broke out from...
hdfc life been consolidating from between 560 and 610.
yesterday looks like a break from downward trendline
stoploss - 560
target1 - 700
target2 - 750
disclaimer - I have this from 590 levels and I will come out if I feel market is in a correction
This is a short term swing trading idea.
Symbol : HDFCLIFE
HDFC Life is Currently trading at a support zone of 600 level.
Long positions can be made at CMP 604-605.
Targets : 645 (7%) - 670 (11%) - 720 (20%)
SL : 590
Stock made a higher high and at higher low.
currently in a consolidation phase. buy in parts in current levels and also at levels below it.
Buy in parts for better Money management
HDFCLife formed a double bottom and created a bullish engulfing candle on daily time frame on 4th Jan. The stock is trading near demand zone and if holds these levels, we expect to see a good upside.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
Trend is neutral
Net Sales of 46,513cr has grown at 56.23%
Pat has grown at 20.84%
PE is too hot and high at 93.43%
mutual fund stake has increased from 4% to 4.66%past quarter
stock is a good buy at 520-560
Wait for the dip
📊 DETAILS
Sector: Life & Health Insurance
Mkt Cap: 143,675 cr
HDFC Life Insurance Company is engaged in carrying on the business of life insurance. The Company offers a range of individual and group insurance solutions. The portfolio comprises of various insurance and investment products such as Protection, Pension, Savings,(Source : 202003 Annual Report...
Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadening Pattern
📌 Symbol/Asset: HDFCLIFE
🔍 Description: Stock is making broadening pattern. We can see huge upisde in the stock.
Its a Buy on dip stock.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Witness the journey of HDFC Life Insurance through its complete history. Study the chart attentively, and you might glean valuable insights.
From a technical perspective , HDFC Life Insurance is signaling another breakout after a substantial consolidation phase. Anticipating a move towards, and potentially beyond, its all-time high.
Consider a swing low...
Stock is rising in an impulsive manner from Oct'23 low of INR 600.75 of which 3rd wave is already concluded at INR 695 and currently stock is correcting lower in wave-4. As per the current price action stock has taken a support on the upper boundary of the Impulse channel 1-2 and is hovering above 38.2% Fibbonacci retracement zone which is likely to hold in the...
parallel channel in progress. however this is overbought. retracement towards 600 would be good for fresh entry. Moving forwards as well it may remain slow of a year may be
HDFC LIfe Insurance Short Term Long Trade Idea
Buying levels: Best Buying/Accumulation Zone between 644 to 655
Stop loss below 639
1st Target 677 t0 685
2nd Target 700 Plus
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only...
HDFC and Reliance are charting distinct paths compared to the broader Indian market, exerting a direct influence on the Nifty and Sensex indices. The recent drop of almost 10% from their all-time highs, coupled with the breach of key support levels, raises significant concerns for these indices.
The absence of immediate support levels suggests that the upcoming...
