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Insurancestocks

HDFC LIFE - Swing and IntradayStock is forming Ascending Triangle on higher TFs. Keep in radar for next few days (can trigger anytime in next few days) Intraday : Buy above 711 for target of 720 in intraday SL 704 Swing : Buy if 1 hour candle closes above 711 then can target 740 to 750 levels, SL will be lower Trendline Consider shoring the stock if breaches Trendline and gives closing below it in 1 hour TF - Target 670 P.S - Its a very volatile stock so keep RR in mind
NSE:HDFCLIFELong
by Novicetrader2015
ICICI PRUGreat run up since the IPO in September 2016. However since then its trading in a band of 300 - 550. The Chart indicators are weak. There's twizzer top pattern at the current levels. RSI is near the oversold region, so might stablise before crashing. The profit run rate every quarter is flat at 300 crore i.e, Rs 1200 cr bottomline in a year. The market cap is Rs 66,000 crore. Should one give 55 x PER for a good stable business but in a fiercely competitive landscape? I would only buy it at 30-35 PER ...i.e., Price of Rs 300 !!
NSE:ICICIPRULIShort
by SWFguy
SBI Life forming Bullish reversal Elliot wave pattern! SBI Life is forming Bullish Reversal Elliot wave pattern on 1 Hour Time Frame. Waves are not matching exact specifics of Elliot wave theory, but chart is showing strength to surge ahead. With Positive Quarterly results in back and optimism of upcoming union budgets, I believe SBI Life will be good pick for swing trade. SL & Targets are mentioned on the chart... Look forward for feedback to correct my charting / analyzing skills. Regards, Ravi B
NSE:SBILIFELong
by ravibhadrappa_TCFMRA