HDFC Life Intraday ideaLooks weak on 30min TF
Short below 670
Target - 660
Stop Loss - 675
1:2 risk reward
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Stay safe! Happy Trading!
HDFCLIFE
HDFC Life short positionThe chart indicates a descending triangle on 1 day chart. A closing below 655 on daily position would indicate a break down.
Long Hdfc Life, Inverse Head and Shoulder on daily timeframe.Long Hdfc Life, Inverse Head and Shoulder on daily timeframe. Consolidation at these levels is a positive sign.
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.
HDFC LIFE BUY ZONE || GOOD 12% MOVE EXPECTED || BUYPlease check the chart and comment if you have any doubts.
HDFC Life Insurance - Reverse Head & Shoulders pattern- Reverse Head and shoulders pattern formation on weekly time-frame
- Retest after a breakout
- Entry zone can be 660-670 Rs.
- Fundamentally good company with amazing future outlook
HDFC LIFE INSURANCE - Swing and IntradayStock has been supported multiple times from the same zone making the zone weaker.
If breaches 660 then can go short.
For swing wait for hourly candle close below 660.
P.S. If taking for swing then do with proper Risk to Reward only since its a very volatile stock and ideally not suited for swing
HDFC Life IDEA!Use Bollinger Bands as an indicator in Tradingview.
Buy at the lower band and sell at the upper band.
This makes trading easy.
This is our new recommendation also "HDFC Life"
You can buy it NOW and sell it at the upper band.
*NOTE: ITS BAND CAN VARY ON TRADING DAYS.*
HDFC life is an opportunity or a trapeNSE:HDFCLIFE
It is been observed many times that indications on charts are cunfusing as in this chart trend line breached so trend is negative but price is stil above crucial resistance (now it is support).
What should one do if he has to take a decision.
1) Take this buy trade
2) Avoid this trade
3) Play the trade in reverse
What.??
HDFC LIFE TRADE SETUP FOR TOMORROWSee on the charts it gives breakout on 13th April above 670 after the range bound.
.
Same is happen can tomorrow after so many days range bound Hdfc Life is near to Breakout.
.
And tomorrow HDFC LIFE will also declare their Quarter Results so keep eyes on it.
HDFC Life Bullish BiasBreakout retesting levels
Anchored vwap support
Inverse H&S
ideal SL as per IHS 555
Target 900
can be bought in tranches if price retraces towards 580/550 levels can be averaged
HDFC LIFE - Swing and IntradayStock is forming Ascending Triangle on higher TFs. Keep in radar for next few days (can trigger anytime in next few days)
Intraday : Buy above 711 for target of 720 in intraday SL 704
Swing : Buy if 1 hour candle closes above 711 then can target 740 to 750 levels, SL will be lower Trendline
Consider shoring the stock if breaches Trendline and gives closing below it in 1 hour TF - Target 670
P.S - Its a very volatile stock so keep RR in mind
hdfc life intraon lower time frame formed highr high higer low formation keep it on radar above 690 with support of 684 intraday for positional todays low for 700/707/725
HDFCLIFEThis analysis is been done on 15 minutes TF. CMP 696 INR
A long position could be taken if 700 INR is crossed.
Once 700 INR is sustained the target is 710 / 721 INR, a resistance zone.
If the above resistance is taken out on upside then targets could be 729 / 734 / 744 INR
If the stock breaks down from the resistance zone, then it could take support at 714 INR or 726 INR
Please note that this analysis is based on my own study and experience in the market and it is strictly for educational purpose with no profit motive, hence please consult your financial advisor before you take any position, I will not be held for any losses.
Thank you
Happy Trading.
HDFC Life: Cup and Handle FormationHDFC life has created a cup and handle pattern on hourly chart and ready to see 800 levels now.
All levels are mentioned on the chart.
Early Entry: CMP
Best Entry: Just wait for a breakout above 724 levels and retest.
Safe entry: 700 levels.
DISC: This is for educational purposes. Please consult your financial advisor before making any bet.
