HDFCLIFE
TRANGLE & ELLIOTE WAAVE IN HDFC LIFEBUY : 682 TO 657
TARGET : 837
Reason For Buying This Script :
In this script has formed Elliot way in monthly time frame & in weekly waiting for triangle pattern breakout.
Once it break the triangle pattern the price will go in upward direction. This is good quality script try to accumulate more. Once it break the 837 and close above 837 level in monthly time frame means and the next target up to 960 .
Note:
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST...
SBI LIFE INSURANCE 📈📈Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
Check these Upcoming ideas - STILL ACTIVE
Check these successful trades & approach on Britannia , Mothersonsumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , Hind ZINC given below
If you like my analysis do like & follow me as a token of appreciation. If you have any queries on any stock let me know.
Leave a comment that is helpful or encouraging. Let's master the markets together
🤑 HDFCBANK - The MARKET MOVER 🤑HDFCBANK - The MARKET MOVER wait for 1550 ₹
Reasons for strong buy
1. Harmonic pattern BAT formation
2. MACD Bullish hidden divergence
3. Ascending channel & Falling wedge at the moment
CMP - 1483
BUY above 1483
Target 1 - 1493/1499
Target 2 - 1514 /1527
Stoploss - 1472
Check these Upcoming ideas - STILL ACTIVE
Check these successful trades & approach on Britannia , Mothersonsumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , Hind ZINC given below
If you like my analysis do like & follow me as a token of appreciation. If you have any queries on any stock let me know.
Leave a comment that is helpful or encouraging. Let's master the markets together
Long HDFC Life | Buy on dips till 660 | Possible Breakout1. Around strong support zone 656-665
2. Retracement done from high to low (More than 0.618 fib level) , but currently above 0.618 fib level
3. Consolidation going from few days (possible breakout anytime)
4. MACD about to give crossover*
5. Taking support from almost an year old trendline ( starting from 12 June 2020)
5. Decent delivery percentage (around 40% on 21/ 05 /2021)
TIP : BUY ON DIPS TILL 660....(eg : if you want to take 50 quantity .. take 20 then if goes down take 15 more... then 15more and so on till 660
SL - 654
FAVOURABLE RISK TO REWARD = 2:5 (for Target ->725)
Feel free to share your feedback and queries.
HDFCLIFE when to buy?HDFC Life is in a closing triangle with a strong support zone shown in red rectangle and closing wedge waiting to be broken. The 50 MA is still far away so a good buying should be when it breaks and sustains 687 and Targets can be considered respectively.
Above 725 you can keep and open target trailing your stop loss.
You can always do back testings on Day/Week/5min charts as per your experience and track the stock results to have a stronger view before taking any trade.
This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.