Question on HDFCLIFESTOCK BROKE OF Trendline
Now new small support of 672
Major Support for the stock is near 643
One can accumulate now.. add on dips till 643
SL 600 on closing basis..
Medium term outlook
HDFCLIFE trade ideas
HDFC Life: Cup and Handle FormationHDFC life has created a cup and handle pattern on hourly chart and ready to see 800 levels now.
All levels are mentioned on the chart.
Early Entry: CMP
Best Entry: Just wait for a breakout above 724 levels and retest.
Safe entry: 700 levels.
DISC: This is for educational purposes. Please consult your financial advisor before making any bet.
Crucial Levels On HDFCLIFEKeep An eyes guys.
See levels on 1Hr Chart,
allthough there is tringal Downtrend is formed,
but i think this levels are crucial may be u can see breakout either up side or downside .....
#Support levels -678,670
if support levels of 670 break then i can see big fall till 640,630
#Resistance Levels -691,703
HDFC Life Lokks like a Trend ReversalAcc to the char and candle stick it looks like a trend reversal in short term
HDFC LIfe long playLong opportunity persists if supports respected levels and once sustains 716.1 levels for at least 2 trading sessions.
#Hdfclife cash : Looks good above 710.10#Hdfclife cash -Positional call
16.03.2021
Looks good above 710.10
and more above 715.10
stoploss 700
Tgt 728/748
Cmp 703.05
HDFC LIFE - Monday TradeStock is trying to take support at Trendline which has been tested multiple times. Safe to short below 706/705..If bounces from support then buy above 715 in Intraday
Only educational purpose. Range bound trade, Spinning topFormation of spinning top with comparatively high volume indicates trend reversal. Can go long with SL 635 & Target 725, Risk/Rewards = 3/5
