HDFCLIFE trade ideas
hdfc lifetoday date is 02/11/2020 it will go down 590 today and tomorrow it will go up and touch this level 594
(2-11-2020 to 4/11/20)
HDFCLIFE consolidating for a very good upmove.there is a breakout from 1d time frame. also retracement has happen along with consolidation. we can also see a inverted head and shoulders pattern along with bullish engulfing candle. so we have many indicators to go long. even fib target is 800 range.
INVERSE HEAD & SHOULDER BREAKOUT IN HDFC LIFEHDFC LIFE A GOOD BUY?
HDFC LIFE Insurance had broken out of the the Inverse Head & Shoulders neckline on 17th Nov 2020 . Refer to the image above to see the breakout and re-test of the neckline.
The prices had broken out and have already re-tested the neckline, now is the best chance to enter into the trade and BUY, take advantage of the price action . As we know the Target for the Head & Shoulders is the difference between the Neckline and the Peak. However, to be on the safe side I have taken the distance between the smaller peak and the neckline. Refer to the image below to see the targets & smaller peak.
Remember to enter only above the last day's high which is at 650 . So you can BUY above 650 You can also have a trailing stop loss to have multiple entry & exit points. The 1st Major target is around 765 price level & the 2nd Major target is around 800 price level .
Happy Trading & Investing, let me know if you liked the analysis and please give your feedback to help me publish ideas better.
hdfc buy target 680,690,710,720, sl 630,622,600 max head and shoulder pattern with bullish engifting great opportunity and soccer pattern to
HDFC LifeHDFC Life
CMP 643
There are 2 possibilities -
1. It may hit fresh ATH accumulating buyers
2. It may go down respecting the rising wedge pattern
It's our job to keep the SL tight at 625 if taking any fresh trade at this level. However, probability is more on buy side.
HDFCLIFE pullback at resistance Simple breakout and retest the level trade. The closest swing low is too far so we choose high at 613 as SL
HDFCLIFE is retesting BO level and ready for new ATHNSE:HDFCLIFE
HDFCLIFE is retesting BO level and ready for new ATH.
We can go long with 625 as SL.
HDFC Life - trading at support - day close above 650?Levels mentioned on the chart. Interesting setup and day close above 650 can be a buying trigger
HDFCLIFE - Breakout and first pullback doneNote: This is for educational purpose only.
There seems to be a bullish engulfing at resistance turned support post first pullback. RSI at 58 which indicates some bullish momentum.
HDFCLIFEStock is Looking Strong with a base near 600 levels, with rising volume & oscillator supportive zone.
HDFC LIFE(Weekly Head and Shoulders, Daily Triangle Pattern)On Weekly chart we got 4 to 5 resistance on the trend line I marked it with arrow also it formed triangle pattern. Once it cross the above trend line we can go for Long.
HDFCLIFE | Buy above 647 | Target :740 | SL : 605 A good buy above 647 for a target of 740. SL for short term traders - 605 | Long term investments SL - 486
1. Cup and Handle formation - Breakout above resistance (647)
2. Convergence to long term trend line possible as volumes are good.
Trendline Breakout-HDFC Life Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose
HDFC LIFE INSURANCE GO FOR LONG......30 MIN TIME FRAME ONLYIF CLOSE ABOVE 651 APPROX THEN GO FOR LONG...
TARGET 1 = 660 BOOK PROFITS HERE FIRST
TARGGET 2= 670 BOOK PROFITS HERE
TARGET 3= 680 BOOK PROFITS HERE
STOPLOSS = 638 APPROX.......
IF AGREE PLEASE LIKE AND FOLLOW US FOR MORE UPDATES.......
HAPPY TRADING FRIENDS....
