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HDFCLIFE

HDFC lifeHDFC life : Reasons/Traits : * Bullish Bat formation can be seen * It can also be called as Bear Pattern 1-2-3 (Entry stop loss marked); 1:2/3/4 can used as risk reward if it follows * Price took support @ 0.786 fib retracements levels * Price also took support @ 200 EMA while 20 EMA cuts 50 EMA from top * Falling RSI, Stoch and MACD What can happen next : Scenario 1 : Price sustaining above 694 level can take it to 700/710/720/740/760/775 levels Scenario 2 : Price break down below 682 levels can take it 670/656/644 levels Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you! Please do like and share this idea. Thanks
NSE:HDFCLIFE
by AdhigamaTrading
5
ICICI Prudential Life Insurance ready for the uptrend!🤩💸🔥Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪 The company recently posted the best QOQ & YOY result and will very likely post a similarly strong result in Q3 too. . The stock had given a multi-year breakout in May last year after that from September it was in a retracement phase. With the recent breakout of the last Lower High in the daily timeframe, we can see a strong uptrend from the present level. . 💎@technofunda_trader⁠ Few Important rules from my Trading Philosophy:⁠ 1. Buy QUALITY stock. 2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues. 3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector. 4. Build position GRADUALLY as the stock RISES. ⁠5. Trade in the DIRECTION of the BIGGER trend. 6. RIDE the TREND. Don't sell your WINNERS early. . LIKE, COMMENT & SHARE 😄😄😄
NSE:ICICIPRULILong
by technofunda_trader
Simple Trade Setup | HDFCLIFE | 16-12-2021 [ INTRADAY ]NSE:HDFCLIFE Observations: 1) On 1hr time frame, we can see it has major suppor range of 660-665 level range. If it sustain above it then we can see an good upmove. Also we can see the resistance Trendline. Please refer below chart : 1hr Time Frame. ------------------------------------- Trade Setup for Date: 16-12-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:HDFCLIFE
by Trading_hawk
2
HDFC Life Long opportunityNSE:HDFCLIFE Hello all! HDFC life is trading in a channel and is now again at its lower channel trendline and it makes a good opportunity to go long! There are multiple other reasons to go long: 1)Presence of a strong support zone 2)Support from strong 50 week EMA 3)Support from 200 daily EMA Furthermore, the Reward to Risk ratio is also favorable. The markets have been erratic with a lot of FII selling this month. It's advisable to trade with a lesser quantity than usual and add further if the trader goes as per the analysis. HAPPY TRADING!!
NSE:HDFCLIFELong
by Traders_Town
2