small stoploss and huge targets. again with government showing less involvement in insurance sector and further allowance of FDI might trigger a good move. technically the stock is at trendline resistance, once broken it should follow the marked targets.
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.
HDFC 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...
Strong pattern formation, waiting for breakout! Growing market fundamentally strong.
1. 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...
Stock 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
weak so a short sell setup with levels in insurance company icici gi
TRIANGLE BREAKOUT AND CONSOLIDATION BREAKOUT
Technical Trade - ICICIGI reclaimed 200DMA and it has been trading above it comfortably. down days volume are below average daily volume, this is constructive.
The 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...