Easy Money Setup (20,50EMA) The stock is clearly visible to be taking support of the 20 and the 50 EMA , one may go long Positional at CMP with a TRAILING STOP LOSS RS 2-4 below the 50EMA line.
Insurance
HDFC Life - Long Swing Time Frame PickHDFC Life has seen a breakout from triangle pattern in weekly timeframe.
We will get aggressive once the stock crosses 700, till then smaller quantities / SIP can be done.
All levels marked on chart.
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
HDFC Life : Insurance sectorStrong pattern formation, waiting for breakout! Growing market fundamentally strong.
Strategy For GICRE | Long or Accumulate1. Consolidating in a box having area of 20 points
2. Retracement done from high to low (0.5 fib level)
3. Double Trendline Resistance
4. Decent delivery percentage (around 43% on 14/ 05 /2021)
TWO STRATEGIES :
(1)
Buy above 204 for a near term TARGET OF 215-220
SL - 199 (daily closing basis)
(2)
ACCUMULATE TILL 0.618 fib level.... a good move till 240 can be seen.
Time : 1 Month
FAVOURABLE RISK TO REWARD = 1:4 (for Target->218)
TIP : FINANCE SECTOR IS WEAK AS OF NOW.... START BUYING....IT CAN SHOOT UP ANYTIME :)
Trade according to your RISK MANAGEMENT .Levels provided are just for educational purposes.
Feel free to share your feedback and queries.
HDFC LIFE INSURANCE - Swing and IntradayStock has been supported multiple times from the same zone making the zone weaker.
If breaches 660 then can go short.
For swing wait for hourly candle close below 660.
P.S. If taking for swing then do with proper Risk to Reward only since its a very volatile stock and ideally not suited for swing
Buy ICICIGI 1340-1345Technical Trade - ICICIGI reclaimed 200DMA and it has been trading above it comfortably. down days volume are below average daily volume, this is constructive.
Buy ICICI Pru above 360+, high risk-reward ratioThe current price of 345+ is near the bottom with 360+ being the firm resistance level. If it crosses this level with conviction over short term, the potential is quite high due to the higher ceiling of previous cycles going upto +450.
Bottom line
Enter @ 360+
Stoploss -345
Potential + 450
Key resistance on path - 385/ 395 - previous pivots
Risk reward: 15:60 - i .e. at least 1:4 assuming target of around 420 (use trailing stop loss rather than a target)
Overall bullish bias driven by the strong fundamentals of the stock - making it s a very safe bet in an up-trending nifty!
