HDFC Life Intraday ideaLooks weak on 30min TF
Short below 670
Target - 660
Stop Loss - 675
1:2 risk reward
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HDFCLIFE trade ideas
HDFC Life short positionThe chart indicates a descending triangle on 1 day chart. A closing below 655 on daily position would indicate a break down.
HDFC LIFE LONG IDEAHDFC LIFE can buy near 660 and add more if come 625 for target 800+ time period 1-3 months view
#Hdfclife cash : Sell on rise at 663-666 zone#Hdfclife cash -Positional call
25.05.2021
Sell on rise at 663-666
stoploss 674
Target 650-652
(Strong support at 650)
Buy call for HDFCLIFE if close above 660 on daily candle.Buy call for HDFCLIFE if close above 660 on daily candle.
Strong support at 660 on daily candle.
HDFC Life ConsolidationBuy HDFC Life as the price is consolidating near 670-680 Zone.
Buy at 670
SL 640
Target 740
Whenever Price consolidates, it tries to breakout or breakdown with huge volume. This will tend to drive the direction of swing trade.
Long Hdfc Life, Inverse Head and Shoulder on daily timeframe.Long Hdfc Life, Inverse Head and Shoulder on daily timeframe. Consolidation at these levels is a positive sign.
Long HDFC Life | Buy on dips till 660 | Possible Breakout1. Around strong support zone 656-665
2. Retracement done from high to low (More than 0.618 fib level) , but currently above 0.618 fib level
3. Consolidation going from few days (possible breakout anytime)
4. MACD about to give crossover*
5. Taking support from almost an year old trendline ( starting from 12 June 2020)
5. Decent delivery percentage (around 40% on 21/ 05 /2021)
TIP : BUY ON DIPS TILL 660....(eg : if you want to take 50 quantity .. take 20 then if goes down take 15 more... then 15more and so on till 660
SL - 654
FAVOURABLE RISK TO REWARD = 2:5 (for Target ->725)
Feel free to share your feedback and queries.
hdfc life gave earlier breakout of head and shoulder patternit is now in retracement phase of brekout.those who interested in this stock for long term can hold and new holders should add this stock in this range till 645 and i advised to hold this stock for pattern it is safe stock so no need for sl in system you can keep sl in mind and can have bullish view till 645 holds,below itstays more than a week then we will exist
HDFCLIFE when to buy?HDFC Life is in a closing triangle with a strong support zone shown in red rectangle and closing wedge waiting to be broken. The 50 MA is still far away so a good buying should be when it breaks and sustains 687 and Targets can be considered respectively.
Above 725 you can keep and open target trailing your stop loss.
You can always do back testings on Day/Week/5min charts as per your experience and track the stock results to have a stronger view before taking any trade.
This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.
HDFC LIFE BUY ZONE || GOOD 12% MOVE EXPECTED || BUYPlease check the chart and comment if you have any doubts.
Hdfclife shortIn Hdfclife we see it is trading around at some important level and that's level is support line when the stock break the neckline. we see some lower target the first target is 635, second 595
HDFC Life 1h time frameThis one sure looks like gonna go south, what do ya say.
HDFC Life was taking repeated retests at the support level and today it gave a break out south of its moving channel. Comment down what do you think will it take support and bounce back or just go south.
HDFCLIFE can give Good Breakout on Channel Pattern Following Trend Line Respectfully .. Wait for Breakout
Still RSI Is not that much Weak .....
Coping Between Bulls And Bears
HDFC Life Insurance - Reverse Head & Shoulders pattern- Reverse Head and shoulders pattern formation on weekly time-frame
- Retest after a breakout
- Entry zone can be 660-670 Rs.
- Fundamentally good company with amazing future outlook
