► Investment Stock Pattern #2: HDFCLIFE ◄► Investment Stock Pattern #2 ◄
📌 It’s important to build our own portfolio to create wealth. These are ❝ original and unique patterns ❞ that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💖 chart pattern.
➠ Please check the description section for entry Ⓔ and target Ⓣ levels for given stock.
Entry: ▲ 666
SL: ☢ 550
Target: ➚ 750/960
Return: ☈ 45%
╋ Add more: In between ◮ 590-640
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𝘿𝙧. 𝙎𝙝𝙖𝙢𝙧𝙖𝙟𝙖 𝙉𝙖𝙙𝙖𝙧
𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮.
✬ Disclaimer ✬
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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HDFCLIFE
HDFC Life - Daily - FuTA Pick (Fundamental + Technical Analysis)HDFC Life - Daily -
Consolidating above its previous Resistance (now Support) for almost 40-45days, ready for a big move.
Buy on every dips recommended. Inverse H&S pattern can also be seen. MACD also Positive
Fundamentally a Sound company. One of India's Largest Insurance Company. Part of HDFC Group.
Target open...
Long Term SL we can place at 600-590 levels and can accumulate
HDFC Life opportunity to BUYHDFC life has started traversing in uncharted territory overcoming the previous resistances.
Consider buying this stock for long term (10-12 months) , Targets have been mentioned in chart.
Keep stop loss of 630 on weekly closing basis.
*** ideas are my own *** Invest as per your risk Appetite
HDFC Short Sell Make a short position Once the Price break Down the Daily(Blue) Trendline ,
Short Sell Near 655,
SL 665,
Target T1 : 647,
T2 : 635,
T3:- 620
Make sure your exposure is less because we are making position against the Long Term Trend .
Fallow the range for Profit Booking i.e. book near not exactly the said points.
Educational Purpose Only
INVERSE HEAD & SHOULDER BREAKOUT IN HDFC LIFEHDFC LIFE A GOOD BUY?
HDFC LIFE Insurance had broken out of the the Inverse Head & Shoulders neckline on 17th Nov 2020 . Refer to the image above to see the breakout and re-test of the neckline.
The prices had broken out and have already re-tested the neckline, now is the best chance to enter into the trade and BUY, take advantage of the price action . As we know the Target for the Head & Shoulders is the difference between the Neckline and the Peak. However, to be on the safe side I have taken the distance between the smaller peak and the neckline. Refer to the image below to see the targets & smaller peak.
Remember to enter only above the last day's high which is at 650 . So you can BUY above 650 You can also have a trailing stop loss to have multiple entry & exit points. The 1st Major target is around 765 price level & the 2nd Major target is around 800 price level .
Happy Trading & Investing, let me know if you liked the analysis and please give your feedback to help me publish ideas better.