HDFCLifeThis has been a tough IPO stock but we are able to hold it because it was offline account.
It has formed parallel channel since listing. hopefully it may test upper edge of the channel
HDFCLIFE trade ideas
HDFCLIFE BullishAs per Supply and Demand advanced technicals i see some potential upside move with caution as we see near by supply are if taken out then good upside potential. Just a view not a Reco...
HDFCLIFE looking good for BreakoutHDFC Life looking good for a potential breakout out of Inverted C&H. Can be added with support of 680.
VIEW ON HDFC LIFEStock to keep on watch
Breakout seen on weekly charts
Target 750/850
Stop loss 650
I am just representing my views
For educational purpose only.
HDFC LIFE - Bullish - Long TermHi Folks,
HDFC life looks very bullish on daily time frame. Currently, Daily RSI has broken out nad weekly RSI about to test falling trendline. If the breakout sustains, Risk reward is highly favourable. Life insurance theme is available at very reasonable price, there is increment in premiums which lead to top line as well as bottom line growth for insurance sector.
HDFCLIFE: Back to Crucial levelsInsurance stocks have recently performed well. During one of our MasterClass sessions, we identified HDFCLIFE, which is paying off well so far. But the stock is also clearly headed for crucial resistances that had kept it down. Here are my thoughts -
1. I have used simple demand & supply zones, anchored VWAP and Volume Profile to analyse the weekly chart of HDFCLIFE
2. Trend and momentum-wise, it is a brilliant chart that now needs to deal with (680-700). Considering the overall market conditions, one should expect a slowdown of this recent move in this zone.
3. The next zone to watch out for is at (730-750), but for that to happen, the stock should buy some time and consolidate/ correct.
4. This positive price structure can continue as long as the erstwhile fractal high of (630-640) is intact.
5. I prefer to book out into momentum, so the 21-day-old trade in HDFCLIFE, which we identified, will be booked out soon within (680-700).
Feel free to share your thoughts.
Trade Well.
HDFC LIFE - APPROACHING DEMAND ZONESymbol - HDFCLIFE
HDFC Life Insurance Company is engaged in carrying on the business of life insurance. The Company offers a range of individual and group insurance solutions. The portfolio comprises of various insurance and investment products such as Protection, Pension, Savings.
HDFC Life is approaching demand zones on charts. 500 - 540 is a major support zone for HDFC Life. Stock is currently trading at a good valuation.
I'm seeing a positional trade opportunity on buy side. I usually trade in futures but this time I'm taking this trade in cash as general elections are due in June which is a major event for market makers.
I'm investing 50% allocation today at CMP 540. I'll invest 50% more at 510 level & will hold this position with 495 as SL. Targets I'm expecting on long side will be 580 - 615 - 640 - 675. I'm ready to hold this trade for 3 - 6 months.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Amazing breakout on Weekly / Daily Timeframe - HDFCLIFECheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
HDFC LIFE on 15 june if results where good stock will not correct it will give a rally
if results where bad stock will correct for few hrs then again go to all time high
HDFCLIFE LongHDFC Life is looking good after todays close. I think 630,640,650 is possible in coming days.
HDFCLIFE TRENDLINE BREAKOUT WCBHDFCLife breaking trendline resistance
with good volume and rsi
macd crossover done
#target1 690,#target2 750
EDUCATIONAL IDEA
HDFC LIFE SHOWING A LONG TURM CUP AND HANDLE PATTERNHDFC LIFE showing a strong cup and handle pattern along with a "w" pattern with undercut on handle in weekly charts.
Hdfc life ReadyReady to break the Zone
Can go For Long Target
....Get Ready Bulls are Back with Low PE
HDFC life -- Looks GOodHDFC life has come off the lows of jun 4th and has retested @ 0.66 levels of FIb.
It has a resistance @ 605 beyond which the target is 654 and then 709.
I am putting it under watch list for entry on one more candle above present levels (and trend line) for target of 654 and then 709.
SL below 575 on closure basis .
This is my journal and not an invite to trade. do your own research before investing
HDFC life accumulation zones and buy the dipHDFC life simple chart marking and top down approch right from hourly time frame to quarterly timeframe explanation where and why should be accumulate
HDFCLIFEHDFCLIFE this stock is moving upside, price trading at support candle stick reversal also done
wanna bet on life Insurance stocksHDFC Life CMP - 563
Any one wanna bet on life insurance stocks here is an opportunity. This stock is now ready to break the shackles.
HDFC life Ready for upmoveDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
HDFCLIFE, Ascending Triangle PatternThe price has formed an ascending triangle pattern.
The breakout of the triangular pattern will open the higher levels 600.
Resistance - 590
Support - 560
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
HDFCLIFE - Weekly AnalysisIn the Weekly Chart of HDFCLIFE ,
we can see that, after strong selling, it is trying to show up move with W Shape recovery.
Enter on breaking Candle's with Low as SL.
