In a daily time frame HDFC LIFE has given a decent breakout. Also the market is expected to open higher so positive for this
Hi all, Hdfc life is in channel pattern.. but now there is trend reversal... inverted pattern formed... RSI Is showing reversal indication....
Buy HDFC Life Above 528 with 0.618 level Target of 561,
Targets identified using volume profile.
Short HDFC Life below 506 with SL at 520 and Target at 458. Disclaimer : I am not a SEBI registered investment advisor. All views expressed are for educational purpose only. Kindly consult you financial advisor before trading or investment. I may or may not have position in the stocks described for trading or investment view.
Swing Trading = Short NSE:HDFCLIFE Monthly Time Frame = Short = Down Trend Price Action Weekly Time Frame = Short = Down Trend Price Action Daily Time Frame = Short = Down Trend Price Action Already shown in the Main Idea 75mins Time Frame = Short = Down Trend Price Action Time Frame Confluence = Down Trend Monthly, Weekly, Daily and 75mins Time...
follow trade at your own risk
Correction possible upto 510 but before their is a support at 525-527 levels.
BUY IN THE RANGE OF 540-544 ONLY !! SL AND TARGETS ARE GIVEN ON THE CHART !!
Buy at Current level , expect up move till 640 SL540
HDFCAMC daily breakout. Good to add around 3285-90 for the upcoming levels of 3450+ Good to hole for long term positional may be next a bajaj finserv in coming years. twitter - @TheSachinJain telegram - @tradingbud