HDFCLIFE 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...
The share is at a make or break level. The budget was not in favor of the insurance sector.
As per the parallel channel the share is at a support level. Mostly all the insurance company saw a correction today.
Tomorrow the market should give us a positive candle i.e. confirmation candle. Post which we can buy the share.
Please let me know your thoughts by...
HDFC Life Insurance Company Ltd NSE: HDFCLIFE strong Breakout from channel Breakout. In Day chart. Time to trade in life insurance stocks . Go for long target 610. Get ready for the profit accumulation. Thank you.
hdfc life; it is currently at demand zone; you can add quantity ; no sl; fundamentally strong; ; big move can come anytime;as all insurance sector rallied except this;
Stock is trading at 28% discount from all time high levels.
HDFC Life (Daily):
1. Made Higher Highs and Higher Lows
2. Reversal from 78.6 Fibonacci Levels
3. Positive Crossover of 5,13 Days Exponential Moving Average
4. Gave Breakout with good volumes from the range
5. Targets-560, 595
Addl Points:
1. FII/FPI have increased holdings from 30.12% to 30.45% in...
HDFCLIFE
Buy-Above 530
Sl-500
T-563 600 650+
A short term bounce can be seen above 530. The stock ha been in a decline phase since Sep 2021. Sl will be last swing low near 500.
NSE:HDFCLIFE
Guys start buying hdfc life but be very careful and take positions little by little. Like if I have to invest 100 rupees in the stock I would take a position of 10 rupees(if brave enough take a position of 25 rupees) now and increase it strategically. The stock currently trades at a P/E of 90+ so we may have further corrections but a great time to...
NSE:HDFCLIFE
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns .
📌 That Dash Line Is Called...
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.
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Trade Setup for Date: 16-12-2021
1) Don't Jump in to trade...
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
EXPLANATION : This is a 15 min time frame chart of HDFC , It has formed Cup & Handle pattern // Swing Pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on HDFC .
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![HDFCLIFE: Simple Trade Setup | HDFCLIFE | 16-12-2021 [ INTRADAY ]](https://s3.tradingview.com/v/vHvTCE2J_mid.png "Simple Trade Setup | HDFCLIFE | 16-12-2021 [ INTRADAY ]")
