Hdfc life insurance clear sign of bullish script .Buy at CMP 656
for the short term target of 700-750-800 long term 1000. Sl should be 609 rs. good luck have a great future ahead
Breakout possible from 649 level (1-2% error band), on or before 24th or 29th December.
Immediate resistances 670 and 685.
Short term target shall be 710.
Only an educational view.
HDFC LIFE is making an inverted head and shoulder pattern.
Pattern gets invalidated if we get a closing below 555.
So go long this a good stock to keep in your portfolio or for a small positional trade as well.
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...
Hdfc life has broken the parallel channel with a huge volume making it strong
#positional
Buy HDFC LIFE at 678
Tgt: 710, 745, 790+
Sl: 625 CLBS
Timeframe: 1-2 months
HDFC 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
After taking support at the long term trend line now stock is ready for a strong up move
It can be bought here for the short term target of 687 and long term target of 850
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
AS SHOWN IN CHART, INVERTED HEAD AND SHOULDER PATTERN FORMED IN WEEKLY TIME FRAME,
AND INVERTED CUP & HANDLE IN DAILY TIME FRAME.
SHORT TERM TARGET: 705 (AS PER DAILY TF )
MID TERM TARGET: 820
BOTH TARGETS ARE POSITIONAL.
FOR EDUCATIONAL PURPOSE ONLY.
Weekly Chart
Inverse Head and Shoulder Breakout and Retest.
Hammer candle formed exactly at 50% Fib.with
increased volume, suggesting a reversal.
Next weekly candle complimented the reversal,
but the volume was not convincing.
High Probability of upside move...
there is a breakout from 1d time frame. also retracement has happen along with consolidation. we can also see a inverted head and shoulders pattern along with bullish engulfing candle. so we have many indicators to go long. even fib target is 800 range.
