HDFC LIfe Insurance Short Term Long Trade IdeaHDFC LIfe Insurance Short Term Long Trade Idea
Buying levels: Best Buying/Accumulation Zone between 644 to 655
Stop loss below 639
1st Target 677 t0 685
2nd Target 700 Plus
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
HDFCLIFE
HDFC Bank Daily chart analysis || Long term BuyHDFC and Reliance are charting distinct paths compared to the broader Indian market, exerting a direct influence on the Nifty and Sensex indices. The recent drop of almost 10% from their all-time highs, coupled with the breach of key support levels, raises significant concerns for these indices.
The absence of immediate support levels suggests that the upcoming month could witness heightened volatility and increased difficulty for stocks in identifying robust support zones for a rebound. For those considering long-term investment, the present moment presents an opportune time to buy, as the downside risk is limited to less than 5%
HDFC Life - Keep on RadarThe stock has come down to the support area as shown on the charts. May reverse from here itself or may come down to even 600 levels. Keep tracking for a comfortable entry so that your stop-loss should be humble.
We should learn to hunt like a tiger. Show extreme patience. Take time to identify the trade to make a perfect entry. So that our target may not miss.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best for your trading journeys.
HDFCAMC Fall expectedI am not holding HDFCAMC. You may book profits here
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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Wedge Breakdown in HDFC LifeOn 4 hrly chart there is a wedge formation, and breakdown
with higher than average volume and good breakout candle with very small negligible wicks
The low of breakout candle was broken in the next candle
The retest of wedge support line is also done, it is visible that support has turned into resistance
keep SL above the breakout candle
SL 686, Tgt 635
HDFCLIFEHDFCLIFE:- Stock has given breakout, with very strong candles, breakout after 1.5 years
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Range breakout in HDFC LifeChart -> HDFC Life Daily
Range breakout in the stock.
CMP: 626
Good Range To Buy: 600 to 630
Targets: 680, 722, 760
SL: 578 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
HDFC LIFEHi guys, In this chart i Drew My Best Levels in HDFC LIFE for Long position using 1Day Time frames.... I found a good level here. I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM ZONES" ... Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
SBILIFE- False Breakout gives a SHORT!Attached: SBILIFE Daily Chart as of 21st April 2023
For the Levels, it is already marked in the Chart (SELF EXPLANATORY)
Stop Loss > 1136
Downside Target 1= 1074
Downside Target 2= 1054
For the Thesis as to why it is a SHORT:
- the 17th April Candle was a Breakout Candle that turned out to be a BULL TRAP Candle, so all the Bulls that entered got Liquidated as the Low of the Candle was taken out
- with the 21st April Candle (latest candle) Bears entered the stock giving a Breakdown below POC of the Volume Profile
- All Insurance Stocks saw Selling on Friday, even HDFCLIFE is similar and Bears have taken over in that Stock as well. So a Weak Sector too
Note: Both SBILIFE and HDFCLIFE have Earnings on 26th April (the coming Wednesday)