Weekly update with 2 swing trading suggestions, Dont miss!
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HDFCLIFE seems to be breaking out of the WAve B and should head upward in a C wave rally to complete the upward correction. This will end the W-X-Y pattern. The risk level is indicated. Seems to be a good Risk Reward trade #HDFCLIFE #NIFTY #INSURANCE
In correction. Likely to consolidate between 555-575.
HDFCLIFE forming a inverse head and shoulder pattern. Entering a position now and adding more once breakout is successful.
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hdfc life keeping support range 589 - 591. if it will down bellow 589 then it will go down, and buy above 592.
HDFCLife made a triple top formation on 640 levels, on all the 3 attempts huge quantities have been supplied & stock fell. This time there is abnormally heavy selling volume on the latest 3rd top indicating high pressure around those levels. Stock is struggling at 600 levels & on its S2 level. Stock may further correct itself till S1 levels around 550 if Nifty...
Intra buy above 599 TGT 603-605-607 SL 592
HDFCLIFE WEAK.. MAY TARGET 585--580---
HDFCLIFE - Daily chart positional trade.... LONG
HDFC Life is still looking to move towards 650-660 zone till the time 600 is on board. Better to play on the right side. Profit booking may happen near 650-660 and we may see some correction towards 580-590 zone.
buya bove 648 and short below 623
Facing issues near 646/7/8 near all time high if crossed we can good movement otherwise history repeat again we see rejection from that level.
Follow for latest updates CMP- 614 Buy above 616 with the stop loss of 605 Targets- 622, 625, 628
HDFC life seems bullish for the targets of (669-678) / (700-709) / (743-754)