HDFC Life looks a good buy if sustains above 706 for the marked targets until 688 is intact on a closing basis.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
HDFC LIFE ek din market ek hi jagah pr hold kiya hai jaise hi market 740 ke up close hota hai to hmm log buye kre ge aur T1 760 baniye ge ok , aur marke niche jab aaye to is 729 level ko breack hone ke bad hmm log sell kre ge aur 200 ema fist T1 leye ge
*Support Zone
*In a Range for many Days
*Falling Volumes
If 660 Support Zone break Short Tgt Is 620
if 679 Resistance zone will break then Long TGT Will be 720
*Always Enter With good confirmation & Maintain proper Risk Reward.
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👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high...
hdfc life: weekly chart: inverse head n shoulder pattern breakout retest with neckline breakout with apnawala candle on weekly chart time to buy delivery for next 90 days. tgt 750/770/800 SL 670 on closing basis.
Formation of ending diagonal & a impulse move on lower time frame suggest that the stock is ready to get retraced fully from where it has been started. Buy on cmp with SL of 674, add on dips (if any) & look for the target of 720-25 area
Use Bollinger Bands as an indicator in Tradingview.
Buy at the lower band and sell at the upper band.
This makes trading easy.
This is our new recommendation also "HDFC Life"
You can buy it NOW and sell it at the upper band.
*NOTE: ITS BAND CAN VARY ON TRADING DAYS.*
Inverse Head And Shoulders :--
The price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
Buy - Above 730
TG1-880
If HDFCLIFE breakout the support and trading below 702 then possible further downfall in this stock up to 675. Only Short position if trading below the head and shoulder support.
