HDFCLIFE trade ideas
HDFCLIFE looks a possible rally in placeAfter taking a major support at the trendline, the HDFCLIFE is looking to breakout from the downward trend. Once broken 600+ targets on cards.
Falling wedge pattern in HDFCLIFE
Stock Name: HDFCLIFE
Chart Pattern: Falling wedge pattern
Time Frame: 1D
Entry: Above 545+
long target : 600+
HDFC Life Insurance Company Ltd NSE: HDFCLIFE strong Breakout 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.
HDFCLIFE price studyPrice action to watch .
Possibility price to reach 510 if break below trend line.
Possible sell trade entry at CMP 540 with SL above 545.
In case of gapup, we could wait and observe if price closes again below trend line.
old demand zone below 510
LongLong term view is good for this ,
Currently trading near support
After days of consolidation big movement expected
Holding period 6 month -1 year for atleast 20-30% return
This is for educational purpose only
HDFCLIFE "Truncation Phase" Elliot WaveHDFCLIFE Elliot Wave Analysis
Time Frame : 2Hr
The above chart of HDFC LIFE laid out the Elliot wave (Impulse) Truncation
What is Truncation Phase ?
Current Truncation Phase is from Bear Trend
Impulse wave sometimes also contain Truncation. Truncation is a phase where 5th Wave does not move beyond the end of third wave. To spot truncation correctly,It is imperative to ensure that the presumed 5th wave contains the necessary of 3-5 waves. Truncation often occurs after a strong third wave
Based on the Elliot Wave Truncation phase we can expect 560-570 level in HDFCLIFE
Happy Trading!
HDFC LIFE; BIG MOVE SOON ;keep on trackhdfc 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;
Hdfc life Double bottom BreakoutHdfc life Double bottom Breakout
CMP 530
W Pattern breakout:-
Targets-561,597+
SL-504
Take the position at your own risk.
Insurance Sector Ready to Fire Forward Player = ICICI PRU & SBI LIFE
Defender = HDFC LIFE
Goalkeeper = Other stocks
HDFC LIFE; BOTTOM FISHINGHDFC LIFE; it has been consolidated since long; it is again coming at demand zone; its downside is less & fundamentally strong; keep patience & hold for few months; no sl; you can easily get 20 percent gains; enjoy ;
HDFC Life looking to retest supportAlthough the price structure seems like it will retest the IMPORTANT trendline. I will go long if it shows a little consolidation at the second retest of the pattern
HDFCLIFE - SHORTShort below 519 with Strict SL of 529 Target 498. there is still selling left and it can test 500 levels. Ignore if sustains above 529 in 1hour chart
A powerful comeback in HDFC LIFEHDFC LIFE is going to bullish in coming days
200 M.A can be the target
NSE:HDFCLIFE
THE MONTLY WILL BE CORRECTIONTHE MONTHLY VIEW ON CHART HAS BEEN CORRECTED ON HDFC LIFE
WHATS WILL BE VIEW ON MONTHLY CHART
buy tradethere are two possibilities in this trade...price may reverse near around green first or it may go upto red line....but if it turns around first line...the risk is very low compared to reward...but since there is confusion...so will trade only half quantity...means instead of 5000 risk...our risk will be only 2500
Hdfc Life Great Swing Trade.. Hdfc Life Great Swing Trade, Stock Beautifully Respect Trendline For 7 Times, I Think This Is Good Oppy To Buy The Stock...
Tip: Plz Trade Or Invest On You're Own Risk...
Happy Trading...😊
Buy Hdfc Life.. Buy Hdfc Life For Swing Trading, Because Stock Reverse On Support Level, Good Opportunity, 1:2 Risk Reward..
This Is Only For Educational Purpose...
Tip: I Am Not A Sebi Registered, Plz Trade Or Invest On You're Own Analysis Or Risk...
Happy Trading...😊
Swing BUY - educational purposeStrong BUY around 530 ...1st target 550 then 571( 1month target)- educational purpose
HDFCLIFE - 21st June 2022Stock is approaching medium term support levels between 525 - 500
Can see support for prices from here due to Long Term Invetor buying and accumulation.
HDFCLIFE ShortThe stock looks weak, forming a bearish pattern
Break of amber plot could result in a move down south
Hdfc Life will you sell it ?NSE: APOLLOHOSP
If Breaks Then The Targets could be Taken at 474
Time Frame :- 1 Day
PAtterns Name :- Head and Shoulders
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
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