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...
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...
The stock has come down to the support area as shown on the charts. May reverse from here itself or may come down to even 600 levels. Keep tracking for a comfortable entry so that your stop-loss should be humble.
We should learn to hunt like a tiger. Show extreme patience. Take time to identify the trade to make a perfect entry. So that our target may not...
I am not holding HDFCAMC. You may book profits here
Disclaimer: This analysis is solely for educational purposes and does not make me 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...
NSE:HDFCLIFE had been stuck in 670-685 range for so long time. It has been testing 690 levels every other day and this time (hopefully) it breaks 690 and goes towards 715.
On 4 hrly chart there is a wedge formation, and breakdown
with higher than average volume and good breakout candle with very small negligible wicks
The low of breakout candle was broken in the next candle
The retest of wedge support line is also done, it is visible that support has turned into resistance
keep SL above the breakout candle
SL 686, Tgt 635
BUY - HDFC LIFE INSURANCE
CMP - Rs. 643
Target 1 - Rs. 738
Target 2 - Rs. 950
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Technicals - Bullish Flag Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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HDFCLIFE:- Stock has given breakout, with very strong candles, breakout after 1.5 years
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all...
Note: HDFClife is broeken channel on weekly basis. this has started 3 wave. target will be 759 & SL 600. it can hold for long term.
Even all momentum indicator are strong i.e. RSI/OBV/MACD/BB.
