HDFCLIFE trade ideas
HDFCLIFE✅ Weekly strong zone 508-526, and Price break his support level on Daily time frame.
✅ On Daily and 4 Hr. time frame price going to form double top pattern if double top form price will fall on down trend.
A life for HDFC After posting good results can it revive the HDFC LIFE from the channel
Expecting it to break keep it on long portfolio!
Deaccelerating triangle in hdfc lifeHdfc life analysis
great long as well as short opportunity
trade at your own risk
Breakdown in HDFC Life Insurance Company Ltd...Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Educational Price Action AnalysisPrice action analysis - Education purpose only
HDFCLife
If a stock crosses a monthly resistance area then
a quick spurt can come.
Levels are to be checked on a closing basis only
Entry above 620
Target 680
SL 580
Crucial Support level for HDFC LIFEIf it takes support and bounces back huge upmove is expected technically.But if it breaches the support zone it may further fall till 450-460.
Fundamentally it is a sound company and these budget news on tax has been factored in by looking at its sector .Their is no reason it will fall if its competitors are rising.As fundamentally their is no issue.
HDFC life - Major support zoneI honestly dont know how the above 5L taxation on insurance premiums will affect insurance players..
For me only the HNI ULIP plans will get hurt.. (i dont know how much contribution this makes anyways)
So this one is purely technically..
The stock has done down on larger than normal volumes and now sits at a key support level.
In the near future if this gets broken..it cold then fall down a further 20-25%.. (I doubt it happens next week) but watch this stock over the next month esp if your holding it.
Ps: I don't even know how to fundamentally value it so not going to say its a value buy or where it can be a value buy..
HDFCLIFE - long or short? Let's seeHDFCLIFE can go long or short - weekly support and daily levels are important. See chart for level.
Definitely, one should put this stock in radar.
Since november 2022, stock is making HH & HL. One must track the broader market before taking any position.
For educational purposes only.
HDFCLIFE Inside BarHdfclife create a #Insidebar Pattern on a #daily chart if break the high of main candle then move fast.
HDFC Life good above 620 on the closed basis on daily chartHDFCLIFE is looking attractive of daily candle closed above 620 with the 1st target of 657 and 2nd target 725.
Note: this is just for education purpose. Please check with your advisor before actual investing in stock.
Fresh Breakout on HDFC LifeFresh Breakout on HDFC Life with a target of 650 and a strict stop loss at 580.
HDFC Life Triangle BreakoutHDFC Life Triangle pattern breakout on weekly timeframe. Go long above 622 and stop loss will be 509 on WCB. Target will be around 850-870.
HDFCLIFE#HDFCLIFE - 1 more stock to your watch list. It has retracted to 0.618 Fibonacci level and nicely bounced back. It is still in range on weekly but look at the size of the white and black candles. White candles are wide and closing at the top end where as black candles are narrow. Volume is also good on bullish candles.
#HDFCLIFE on wkly close abv 617, opens up targets of 686#HDFCLIFE
Reverse Head and Shoulder pattern formation, with neck at 600 and shoulder at 520
on wkly close abv 617, opens up targets of 686
incidentally #exide was issued ~4% of #hdfclife stock at 685 post the Exide acquisition
HDFCLIFE Weekly Chart: Double Bottom (W) Breakout#HDFCLIFE (HDFC Life Insurance Company Ltd) Weekly Chart: Double Bottom (W) #Breakout It is currently underperforming the #Nifty.
BSE: 540777
NSE : HDFCLIFE
What Is a Double Bottom?
A #doublebottom #pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W". The twice-touched low is considered a support level.
KEY TAKEAWAYS -
The double bottom looks like the letter "W". The twice-touched low is considered a support level.
The advance of the first bottom should be a drop of 10% to 20%, then the second bottom should form within 3% to 4% of the previous low, and volume on the ensuing advance should increase.
The double bottom pattern always follows a major or minor downtrend in a particular security, and signals the reversal and the beginning of a potential uptrend.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
HDFCLIFE is the only strong stock in bearish environmentNSE:HDFCLIFE is still strong and looking bullish. It’s the only scrip that looks green in this red environment. If it crosses 618 levels then above levels will get unlocked till 650.
HDFC Life Weekly breakout of an year long consolidation Weekly breakout of an year long consolidation
Trading above important moving averages.
HDFC LIFE - BIPIN GUPTAVideo is for training purposes only and there is no recommendation for any trade.
