HDFC LIFE 1 DayHDFC life insurance in 1 day time frame
It shows that :
the stock comes in golden zone and make bullish anglefing pattern
also it reaches the 400 EMA
it's also reached the previous resistance to retest it
there is a trend line and it touches
RSI is below 40
there is five confirmations also it is a good opportunity to trade in HDFC life insurance
HDFCLIFE
LIC for 30%+ gainsDate: 5 Oct’24
Stock: Life Insurance Corp of India
Timeframe: Daily
LIC seems to be forming a complex diagonal in Wave V which could end at a minimum level of 1270+ (>30% from current price of 970) as seen in the chart. It could even go higher to around 1400 levels which will be confirmed only as the trend develops.
It seems to have completed Wave B on 4th Oct or may form another lower low to complete it and then move higher in Wave C of V.
This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong.
Aida lagata hai ki LIC Wave V mein ek jatil vikarn bana raha hai jo minimum 1270+ ke star (970 kee maujooda keemat se>30%) par samaapt ho sakta hai, jaisa ki chart mein dekh sakte hain. Yeh lagabhag 1400 ke star tak bhee ja sakta hai jiski pushti trend vikasit hone par hi hogi.
Aisa lagata hai ki 4 Oct ko Wave B poora ho gaya hai ya ise poora karane ke lie ek aur nichala nimn bana sakata hai aur phir V ke Wave C mein oopar ja sakata hai.
Yeh koi trade karne ki salah nahin hai. Kripya apna vishleshan khud karein. Aur mujhe galat hone ka adhikaar hai.
HDFCLIFE -Symmetrical Triangle -Breakout-wkly HDFCLIFE -Symmetrical Triangle -Breakout-wkly
Name - HDFCLIFE
Pattern - symmetrical triangle
Timeframe - Wkly
Status - Breakout
Volume - Good
Cmp - 745
Target - 1032
SL - 664
Pattern:
A symmetrical triangle pattern is a common chart pattern in technical analysis that indicates a period of consolidation before the price breaks out.
Fundamental ratios:
Here are some key fundamental ratios for HDFC Life Insurance Company Ltd. (HDFCLIFE):
Profitability Ratios:
Return on Equity (ROE): 8.5%
Return on Capital Employed (ROCE): 0.64%
Net Profit Margin: 6%
Valuation Ratios:
Price to Earnings (P/E) Ratio: 80.5
Price to Book (P/B) Ratio: 6.5
Solvency Ratios:
Debt to Equity Ratio: 0.04
Current Ratio: 0.9
Interest Coverage Ratio: 58.91
Efficiency Ratios:
Asset Turnover Ratio: 0.1
Expense Ratio: 11.1%
HDFC Life Uptrend to ContinueHDFC Life Insurance: Uptrend Continues with Parallel Channel Formation, More Upside Expected
HDFC Life Insurance is currently exhibiting a strong uptrend, with its price action moving within a well-defined parallel channel. This technical formation typically indicates a sustained trend, where the price oscillates between two parallel lines. The lower boundary of the channel acts as a support level, while the upper boundary serves as resistance.
The current market sentiment and technical indicators suggest that there is room for further upside. The stock has shown resilience at the lower boundary, consistently bouncing back, which is a positive sign for the continuation of the uptrend. As long as the price remains within this channel, the momentum is likely to carry HDFC Life higher.
HDFC LIFE - APPROACHING DEMAND ZONESymbol - HDFCLIFE
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.
HDFC Life is approaching demand zones on charts. 500 - 540 is a major support zone for HDFC Life. Stock is currently trading at a good valuation.
I'm seeing a positional trade opportunity on buy side. I usually trade in futures but this time I'm taking this trade in cash as general elections are due in June which is a major event for market makers.
I'm investing 50% allocation today at CMP 540. I'll invest 50% more at 510 level & will hold this position with 495 as SL. Targets I'm expecting on long side will be 580 - 615 - 640 - 675. I'm ready to hold this trade for 3 - 6 months.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
HDFC Life Insurance Company Ltd - Break Out OpportunityDate : 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 its secondary down trend on 1-Mar-2024.
• RSI is at 61.67 which is in buy zone and supporting bullish sentiment.
• MACD is at 6.71 which is giving bullish signal.
• NSE:HDFCLIFE is looking strong from here onwards to achieve the historical levels mentioned as targets above.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
HDFC Life: Retest of H&S PatternClassical 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 your financial adviser before investing.
HDFCLIFE | GOOD BUY CANDIDATEHDFCLife 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
HDFCLIFE | Swing Trade📊 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 Page No: 175)
TTM PE : 97.50 (Average PE)
Sector PE : 18.74
Beta : 1.00
📚 INSIGHTS
Mid range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
3.40% away from 52 week high
Outperformer - HDFC Life Insurance Company up by 6.88% v/s NIFTY 50 up by 2.57% in last 1 month
📈 FINANCIALS
Piotroski Score of 3/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
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HDFC LIFE : Multibagger Investing Idea 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.
HDFC Life: Charting a Breakout Journey to New Highs!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 around 667 , set a stop-loss just below, and set your sights high. This is my analysis for you.
Stay tuned for further updates as the story unfolds. 📈✨ #HDFCLife #TechnicalAnalysis
HDFCLIFE: Impulsive riseStock 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 coming days. Once the price cross above 685 , that will be the final confirmation that prices have started it's 5th wave which shall take the prices towards INR 720 zone.