HDFCLIFE trade ideas
#HDFCLIFE - HARMONICS PATTERN#HDFCLIFE - BULLISH REVERSAL HARMONICS PATTERN
CMP : 598.10
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The charts / Levels / Price projections are only for educational purpose.
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Can be a good positional pickThe stock has given 9 month old trendline breakout and given strong closing above 100 EMA and trendline today.
200 EMA is a strong resistance right now.
If the stock gives a closing above 200 EMA (611.5) level it can give another 4-5% upmove from here.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar
Buy Today, Sell Tomorrow: HDFCLIFEDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Channel Breakout in HDFCLIFE
Buy Today, Sell Tomorrow: HDFCLIFE
HDFC Life Ichimoku Bullish Breakout Stock Name - HDFC Life. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo
is super bullish and chikou span is slanting upwards. All these parameters are showing bullishness at CMP.
And it can touch 632. More strenght if sustabin above 634. Worth to keep in watch list for coming days.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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HDFC LIFE for positional trade - 1 yearHDFC LIFE is a blue chip company and market leader in LIFE Insurance sector, specifically Term Life insurance. As retail investors increase in Indian equity, they realize it is better to keep life insurance and investments different hence they would choose Term life over Endowment and ULIP plans. This company would be a huge beneficiary of this consumer behavior change.
Possible bearish signs can be:
New players disrupting the market as government have constantly giving push to this sector.
More claims due to unforeseen events like covid or climate related disasters. However this might also motivate people to start opting for the policies.
Disclaimer:
Just my analysis , I'm not a SEBI registered advisor. Not a financial advise at all
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