Till it is trading below 771, it can test 627 to 606Till it is trading below 771, the possibility of price testing 627 to 606 and if that is breached then 550 is also open.
HDFCLIFE trade ideas
#HDFCLIFE correction gives attractive entry @ 685/665#swingidea #swingtrade #HDFCLIFE has seen a sell-off after registering ATH of 760 on 2-sep-21 post deal with Exide.
It has broken supports at 724/706 and is heading towards next support at 690.
The RSI has come down to 35 a level around which historically reversals take place.
Also, worth noting that for acquisition of Exide Life Insurance - 4% of the outstanding stock will be issued to LT investor Exide at 785.
Buy - 685-690 and on further falls at 665 ( if it happens)
Target - 740 / 775
Stoploss - 645 ( closing)
Risk Reward : 40: 65 and 40: 100
FLAG PATTERN BREAKOUT & RETESTED1. Flag Pattern Breakout & Retested
2. 50 EMA Pull Back on weekly Candle
3. 50 EMA Pull Back on Daily Candle at the flag breakout level
TIME TO ENTER LONG HDFC LIFE HDFC LIFE ANALYSIS
1.Near Daily trendline support
2.Response 65 EMA close
3.Volume falling price falling means stock strengthning may be reversal here
4.30 min hammer pattern
5.In daily time frame RSI can take support 40
6.10 % correction over
HDFC Life1. Insurance Sector Company
2. Good Fundamental
3. More can be added to the dip.
4. Trend Analysis.
5. For Educational Purpose only
HDFC Life insurance weekly chart analysisHDFC Life insurance weekly chart analysis
For study purpose only
Trend analysis
buy hdfclifeit has taken support of breakout line and have witness some buying interest. we may see 770/800 in coming weeks. view negated below 716
HDFCLIFE long buy WIT # 2 June 2021Hello everyone, if you like the idea, do not forget to support with a like and follow. Feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
-This is merely MY outlook and not advice on what YOU should do just my opinion on what I see
It is just a view based on demand/supply, pls trade at your own risk
HDFC LIFE... TRENDLINE BREAKOUTA resistance trendline breakout and a retracement... We can expect the share price to move up. Stop-loss can be placed below the trendline.
#HDFCLIFE weekly close 705 might lead to retest of 660#HDFCLIFE has been in a channel since mid-Dec 2020 with 655 at lower end & 730 at upper end.
Post announcement of acquisition of Exide Life Insurance it did spend some time above 730 levels with 775 as high.
However has been sideways ever since.
Close on weekly basis below 705/706 , could open the way for retest of 660 levels
706 was the IC low from which BO for 775 had occurred
Short Trade in HDFCLifeLooking at the chart pattern in HDFCLife there are chances that you might see some weakness at these levels.
If levels mentioned on charts are broken provide targets are expected
This is for educational purpose only, I am not SEBI registered analyst
HDFCLIFE is looking weakIf NSE:HDFCLIFE gives closing below 725 levels then it can show 710 levels again.
HDFC life under channel movement of stockHDFC life under channel movement of stock.
waiting for breakout of this channel.
HDFC LIFE BUYHdfc Life After Giving A Breakout Is Again Coming To Retest The Resistance Line And As We Know Resistance Will Now Act As Support. And We Also Have The 20d Ema Support At Around 725 Levels. So It Becomes A Good Position To Start Accumulating Hdfc Life As The Risk To Reward Ratio Is In Our Favouor. Always Maintain Strict Stop-Loss.Target 1-740. Stop Loss 722
HDFCLIFE | Looks good for a small speculation - 10%HDFCLIFE | Retesting the breakout level - Looks good for a small speculation - 10
CMP : 731
SL : 705
Target : 805
1:3 risk reward setup
