HDFCLIFE BUY WEEKLY PICKCMP 672
BUY AND ACCUMULATE TILL 662
SL 640 WEEKLY CLOSE BELOW
TARGETS 680/692/704/713/727/736+
HDFCLIFE trade ideas
HDFC life is an opportunity or a trapeNSE:HDFCLIFE
It is been observed many times that indications on charts are cunfusing as in this chart trend line breached so trend is negative but price is stil above crucial resistance (now it is support).
What should one do if he has to take a decision.
1) Take this buy trade
2) Avoid this trade
3) Play the trade in reverse
What.??
HDFCLIFE Positional View !!!HDFCLIFE : cmp: 686.35
After a significant correction took support near 650-660 zone and bounced back from here.
Also a long bullish candle has been formed.
Above 689 huge short covering possible.
So keep an eye !!!
TGT 706/714/729/744
Sl 659 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
HDFC LIFE TRADE SETUP FOR TOMORROWSee on the charts it gives breakout on 13th April above 670 after the range bound.
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Same is happen can tomorrow after so many days range bound Hdfc Life is near to Breakout.
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And tomorrow HDFC LIFE will also declare their Quarter Results so keep eyes on it.
Double bottom formation on HDFC Life insuranceDouble bottom formation on HDFC Life insurance. Please look into SL and target in chart
HDFC Life Bullish BiasBreakout retesting levels
Anchored vwap support
Inverse H&S
ideal SL as per IHS 555
Target 900
can be bought in tranches if price retraces towards 580/550 levels can be averaged
a good company giving good returnshdfc life
insurance will never go out of bussines
buy at support
sell at resistance
50% yearly returns can get
good for investment
Buying opportunity in HDFCLifeClear ascending channel movement, bullish engulfing at lower trendline with small bump in volume, expecting a move towards the upper trendline now.
HDFCLIFE at important levelThe HDFCLIFE is at important level. If the level breaks it may touch 200ema in daily time frame
HDFC LIFE - Swing and IntradayStock is forming Ascending Triangle on higher TFs. Keep in radar for next few days (can trigger anytime in next few days)
Intraday : Buy above 711 for target of 720 in intraday SL 704
Swing : Buy if 1 hour candle closes above 711 then can target 740 to 750 levels, SL will be lower Trendline
Consider shoring the stock if breaches Trendline and gives closing below it in 1 hour TF - Target 670
P.S - Its a very volatile stock so keep RR in mind
hdfc life intraon lower time frame formed highr high higer low formation keep it on radar above 690 with support of 684 intraday for positional todays low for 700/707/725
