hdfc life been consolidating from between 560 and 610.
yesterday looks like a break from downward trendline
stoploss - 560
target1 - 700
target2 - 750
disclaimer - I have this from 590 levels and I will come out if I feel market is in a correction
This is a short term swing trading idea.
Symbol : HDFCLIFE
HDFC Life is Currently trading at a support zone of 600 level.
Long positions can be made at CMP 604-605.
Targets : 645 (7%) - 670 (11%) - 720 (20%)
SL : 590
The setup in HDFC LIFE for next one
month :-
1. On 4hr time frame chart layout, MACD crossed centre line, stock can be considered in uptrend.
2. RSI is above 55, can be considered bullish.
3. On weekly time frame, the reversal seen due to formation of bullish candel.
4. Stock trading in a range beyween 560 and 590 which is a signal of bottom down of the...
HDFClife we failed in analysis this time we are going with levels Buy above 595 SL 560 Target 650 after that we analyse again because Market is going to give choppy move in coming months, so take lite qty and trade better
As per daily chart of the stock, the following is noticed :-
1. Crossover of MACD on daily chart.
2. Revershal from support line 562.
3. 4hr chart layout is very impressive, the MACD is just below centre line can cross with good price action.
4. Good volume on 05 Feb 2024.
5. Retested Monthly levels.
- So on the day of good openeing in the morning, one look...
- Double top pattern formed in weekly chart
- 3 black crow formed on jan 2 week to 4th week
- since no bullish candle formed to cover jan 4th week candle so still it is in bearish trend
- EMA crossover also found
-
It is just a view, please trade at your own risk. I'm not SEBI registered adviser
This Private Sector Insurer Company Looks good for short to medium term. Although this could test the patience of the investor as it could take time to achieve the target. Only the patient investor could indulge into this stock at CMP @ 581 with a SL @ 520 and TGT @ 700
Sector: Life & Health Insurance
in daily chart, PA in sell to buy zone and structure looks great to accumulate...
accumulate in daily demand zone with strict SL 565....
And hold if price strongly sustain above 620 levels for the above resistance levels 650/675/710 ...
As per Price Action theory, we have 3 reasons to buy NSE:HDFCLIFE for Long Term.
1. In HTF price is Creating HHs and HLs, that is a confirmation of an uptrend.
2. Channel Formation.
3. LTF trend change signal formed due to the break of an LH and an HH formation.
The expectation is price will at least go up to 1136/-, which is approx. 91.99% Return on Investment...
Stock made a higher high and at higher low.
currently in a consolidation phase. buy in parts in current levels and also at levels below it.
Buy in parts for better Money management
HDFC LIFE
THE MARKET CRASH
HDFC breaked previous 5 years SNR leble
So it will fall like market crash
for more then 2 mongth i will be bearish
Trust me it's not a. Joke
Previous 5 year from 2019 to 2024
It's not a joke it's not a small thing
So do what's market says
Just. Sell as much you can sell
The entry point must be
603
Stop loss 625
Tp 468
First tp...
I did take an entry at around 611.25 for about 2.5% of the net capital which the maximum I would allocate on an individual stock. I was expecting a move to the high of the parallel channel, formed at the time. But the price crashed from those levels with momentum and is heading further down as of today.
I'm not planning to add anymore into the position. I'm...
