HDFC LIFElooking for accumulation in 640-660 zones.
can act as demand zone.
200 ema support plus previous resistances that can act as support.
HDFCLIFE trade ideas
HDFCLIFE 1 WEEK TIMEFRAMEHDFCLIFE
Good opportunity for selling side…
Pullback is very important
we can take short positions after pullback..
Fundamental : insurance policy member panic due to delta variant .
Customer does not able to pay his insurance EMI due to fear of new lockdown
Buy Hdfc Life Insurance --Long Term Investment IdeaIt is a Weekly Timeframe Analysis for long Term Purpose.
Buy Hdfc Life near 625-650 Stoploss 540 Target 960
Pattern : Inverse Head & Shoulder Pattern. Retest area 625-650 Zone
Target is calculated on the basis of Pattern Structure i.e. Low of Head to Breakout Point
REVERSE HEAD AND SHOULDERS PATTERN RETURN 47.25% FROM THE BUY 643
RETURN 42.5% FROM THE CMP 663.45
TARGET 950
BUY 660 (20%) - 650 (30%) - 645 (30%) - 640 (20%)
SL 556 - 560 (-12%)
ONLY FOR STUDY
HDFCLIFE Trend Analysis and once Intraday setup avilable HDFCLIFE :-
1.long unwinding soon formed
2. symmetircal triangle pattern price movementum
3. wait confirmation line
4. intraday possible right time buy entry expect target for symmetircal triangle pattern resistance line
HDFC LIFE AFTER A BIG FALL. HDFC LIFE SHOWING SIGNS OF PROBABLE TREND CHANGE. CAN GIVE A GOOD RISK REWARD TRADE.
Confluence of Support or ResistanceA confluence of support or resistance is simply an intersection of two or more important levels. Market participants prefer to trade around a zone that involves two or more factors rather than a zone with just one. The probability of winning is higher around confluence zones.
HDFCLIFE rallying towards 715.NSE:HDFCLIFE has started rallying towards 700. I hope it shows 710 soon.
HDFC Life to take long entryBuy HDFC life @ 695 TGT 730 SL 680. Stock taken support & higher probability to touch the resistance area. RSI forming +Ve divergences. Good risk to reward trade.
This is for your educational purpose only.
HDFCLIFE seems to showing good momentum but volumes are lessNSE:HDFCLIFE seems joining rally club but volumes are not seeming enough to sustain higher levels. Let's see what kind of candle we get tomorrow.
Long HDFClife for targets 700 +HDFC life has strong support at 680 levels, the risk reward is very good at this stage for targets 700 + shortly.
