My first try at technial!
HDFCLIFE :- 1.long unwinding soon formed 2. symmetircal triangle pattern price movementum 3. wait confirmation line 4. intraday possible right time buy entry expect target for symmetircal triangle pattern resistance line
NSE:HDFCLIFE has started rallying towards 700. I hope it shows 710 soon.
Buy HDFC life @ 695 TGT 730 SL 680. Stock taken support & higher probability to touch the resistance area. RSI forming +Ve divergences. Good risk to reward trade. This is for your educational purpose only.
NSE:HDFCLIFE seems joining rally club but volumes are not seeming enough to sustain higher levels. Let's see what kind of candle we get tomorrow.
HDFC life has strong support at 680 levels, the risk reward is very good at this stage for targets 700 + shortly.
HDFC Life has seen a breakout from triangle pattern in weekly timeframe. We will get aggressive once the stock crosses 700, till then smaller quantities / SIP can be done. All levels marked on chart. Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or...
Some serious profit booking is seen in NSE:HDFCLIFE today. Volumes are also high. Seems like some big player is exiting from it's big position.
NSE:HDFCLIFE is getting good resistance at 690 levels after 2 days of consolidation. It will take some serious buying to break 690 and sustain the same. Day before yesterday, we say good buying but that helped it to sustain in 680s range after standard life's bulk selling.
NSE:HDFCLIFE is trying to sustain it's 690 levels today but again volumes are low in comparison to yesterday. Let's see what happens by the end of the day. If it sustains 690 levels then very soon we will again see 710 levels.
NSE:HDFCLIFE can sustain it's 690 levels despite Standard Life selling. Look at volumes, immense buying is visible.
Volume candle is showing more than normal profit booking in NSE:HDFCLIFE . The way it's coming down it can take intermittent support around 700 levels. It will take some bigger candles to break it's 720-725 levels.
HDFCLIFE (W):- 725.95 CMP, LOOKS GOOD FOR MORE UPSIDES :) 1) Rectangle Breakout Soon :) 2) Volume Contraction
Refer Chart for more details.
Forming a cup. Buy 715. Target 740. Once it crosses prev high of 746, buy again for a target of 835.
NSE:HDFCLIFE Vol addition can add small qty now add more on dips T1 735,750, 770 Support 650