HDFCLIFE
Weekly breakout in HDFC LifeHDFC Life broke out of a 6 month old downtrend (red coloured resistance trendline on chart) with decent volumes. It has also closed at a 3 month weekly closing high. The stock will move higher eventually even if the move is slightly volatile.
Resistance/Target : 720-725 is a recent top and our primary resistance. Once it is taken out, the stock will target the 3 year old resistance TL (blue coloured "Long Term Resistance" trendline shown on the chart). The current level of this trendline is at 780 odd and this is our primary target.
Stop Loss: Longs can be held with a WCB stop loss of 685 to 675 depending on risk appetite
Good short to medium term buy with decent risk/reward.
HDFCLIFE: Double bottom Breakout!The double bottom has been formed in the last month. Stock is trending with strong relative strength in June so far... Even though Today market has retraced by heavy points, But IT, FMGC & Financial service sector always survive and surge in worst conditions
Due to the dollar price have been strong after 7 member did vote in the favour of increasing the interest rates in the USA and 7% of growth has forecasted It will affect the INR currency as USDollar is going to build momentum in upcoming days and the market will lose more points if and only if FII & DII still carry on their selling strategies.
ICICI PRULI 👓👓 lets rakita rakitaLooks good for a quick option.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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HDFC- 🥳 🥳Looks good for a quick option.
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.
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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.
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🤑 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