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Hdfclifechart

HDFC Life Insurance Company Ltd - Break Out OpportunityDate : 14-Mar-2024 Rating : Buy - Positional Trade LTP : Rs. 622.25 Targets: (1) Rs. 648 --> (2) Rs. 710 --> (3) Rs. 746 --> (4) Rs. 775 SL : Rs. 600 Technical View: • NSE:HDFCLIFE is in its primary uptrend since Mar-2023. • From Dec-2023 to Feb-2024, It was going through secondary down trend within primary uptrend. • NSE:HDFCLIFE has broke out from its secondary down trend on 1-Mar-2024. • RSI is at 61.67 which is in buy zone and supporting bullish sentiment. • MACD is at 6.71 which is giving bullish signal. • NSE:HDFCLIFE is looking strong from here onwards to achieve the historical levels mentioned as targets above. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
NSE:HDFCLIFELong
by vicky252
HDFCLIFE: Impulsive riseStock is rising in an impulsive manner from Oct'23 low of INR 600.75 of which 3rd wave is already concluded at INR 695 and currently stock is correcting lower in wave-4. As per the current price action stock has taken a support on the upper boundary of the Impulse channel 1-2 and is hovering above 38.2% Fibbonacci retracement zone which is likely to hold in the coming days. Once the price cross above 685 , that will be the final confirmation that prices have started it's 5th wave which shall take the prices towards INR 720 zone.
NSE:HDFCLIFELong
by TradingSutra
Range StockHDFCLIFE is in a Range since it has been listed in the market and is continuously making higher highs and Higher Lows in a weekly time frame which suggests that it is in a UPTREND and therefore can be bought at the last support level for a potential next upswing. It has come back to its support and further trading at the trendline where potentially it can take support. A very short risk can be taken for a potentially big profits at this level, which makes it a highly favorable trade in risk reward ratio perspective. ENTRY - can be made at the same level i.e. 495 Stop Loss- at the last low i.e 470 Reward - at the last resistance i.e 600 and then range resistance and then at next resistance i.e. 650. *This is HIGH RISK HIGH REWARD trade. Use Stop Loss POSITIVELY in the market. *preservation of capital in the market is the first step of a profitable Trader.
NSE:HDFCLIFELong
by rohitbansal1212
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 Insurance View*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. ******* Knowledge Purpose only ******** I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. There have been no promises, guarantees or warranties suggesting that any trading/investing based on any information, will result in a profit or will not result in a loss. >> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for Swing and Intraday Trades<<
NSE:HDFCLIFE
by Ravitejasreevatsav
4