CLEAR CUT BREAKOUT AFTER 2MONTH OF CONSOLIDATION. TARGET 1ST - 700 TARGET2ND - 715/725
HDFCLIFE - descending triangle / pennant Breakout alert ahead. Self explanatory chart. For educational purpose only. I am not a sebi registered expert. Trade at your own risk. Feel free to text & Share your views.
Looks weak on 30min TF Short below 670 Target - 660 Stop Loss - 675 1:2 risk reward Consider giving a like and share your feedback in the comments if there are any. Thank You! Stay safe! Happy Trading!
The 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. Consolidation at these levels is a positive sign.
1. 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...
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...
Please check the chart and comment if you have any doubts.
- 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
short when candle closes below lower line target 667 trade at your own risk
Stock 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
Exploit this opp ASAP.
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.*
NSE: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.??
See 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.
Breakout 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