Inv Head N ShoulderThe most Popular Pattern everyone knows NSE:HDFCLIFE
Trade active only after breakout of neckline
Don't Jump blindly
HDFCLIFE trade ideas
HDFC life ready to breakout from a resistance?HDFC life is now attempting to break a resistance that it has failed to break previously (multiple times)
The resistance testing has been marked with arrows.
A decisive break will be a trigger for a long trade in HDFC LIFE.
Please follow and like. :)
NSE:HDFCLIFE
HDFCLIFE | Pull back from good junction point - 12% opportunityHDFCLIFE | Pull back from good junction point - 12% opportunity
CMP : 572 (Can buy upto 565)
SL : 550
Target : 640
Clean 1:3 risk reward setup
HDFCLIFE Short Trade 15 MinActually MACD will move in downward direction and Stochastic shows it clearly...Risk and Reward mentioned in the chart. Happy Diwali!!!
HDFC is trying to breakout upsideNSE:HDFCLIFE Watch the price action at breakout level and take a trade. It might reverse from here as well.. Take a trade after it sustains the breakout.. keep it in radar..
Note: This is my personal view and I may go wrong.
#HDFCLIFE - LongPrice moving in a channel. Double bottom observed in consolidation phase. BO of channel above 590 can see 640.
Price is near previous demand zone and support line is with standing.
Breaking 645, it forms Inverted HNS and 52W High.
RSI at 40 is supporting this consolidation phase. So expecting minimum chance of breakdown.
Results are in line with expectation.
HDFCLIFE Upward move above 650HDFCLIFE Good to blast above 650 with SL of 550 for 1:2 or more RR. Keep a track.
for short term and long term..!!hdfc life is a great stock in it's sector it has huge potenials ..!!
happy trading
