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HDFC Life Insurance Co. Ltd.HDFC Life Insurance Co. Ltd.HDFC Life Insurance Co. Ltd.

HDFC Life Insurance Co. Ltd.

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HDFCLIFE trade ideas

My View on HDFC Life for coming weeks/monthsThis is proof that when the bear strikes, fundamentals of the stock become irrelevant. Although please don't mistake me for a bear, I'm just a greedy bull looking for cheaper prices. Shown in the chart is a classic example of how early institutional investors dump on retail investors. As you can see in the chart, the entire year of 2021 was a distribution range, and once we broke-down from it, there was an accelerated sell-off. Key notes from the chart : 1) Trend shift has been confirmed as market structure has officially changed to lower highs and lower lows on the weekly/monthly timeframe. 2) This doesn't mean we go short now, because we're at strong support and momentum indicators are extremely oversold. 3) Looking for potential lower highs to get into short positions for lower lows (potential positional trade). 4) We could also potentially trend up from here, re-test current lows, and after some accumulation ultimate trend higher. Possible paths have been shown (just ideas, doesn't have to play out like this). Regardless, currently the trend is down, and unless that changes, I will be looking for lower prices. Anything below 500 is a steal from an investment perspective because the stock's fundamentals haven't changed. Good Luck. Note: This is not Financial Advice. This is for educational/entertainment purposes only.
NSE:HDFCLIFEShort
by apratimbanerjee08
Positional or Longterm Opportunity in Hdfc LifeGo Long above 597.6 for Targets of 643.6, 689.6, and 735.6 with SL 551.6 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.5 Fibonacci level. 3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
NSE:HDFCLIFELong
by Nimish_Ghagare
#HDFCLIFEINSURANCE NSE:HDFCLIFE 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns . 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:HDFCLIFELong
by linesandlevels
HDFC lifeHDFC life : Reasons/Traits : * Bullish Bat formation can be seen * It can also be called as Bear Pattern 1-2-3 (Entry stop loss marked); 1:2/3/4 can used as risk reward if it follows * Price took support @ 0.786 fib retracements levels * Price also took support @ 200 EMA while 20 EMA cuts 50 EMA from top * Falling RSI, Stoch and MACD What can happen next : Scenario 1 : Price sustaining above 694 level can take it to 700/710/720/740/760/775 levels Scenario 2 : Price break down below 682 levels can take it 670/656/644 levels Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you! Please do like and share this idea. Thanks
NSE:HDFCLIFE
by AdhigamaTrading
5