HDFC LIFE INSURANCE........ HDFC life insurance is on a multiple support zone
Seems to be facing resistance....
likely to consolidate before any move...
HDFCLIFE trade ideas
HDFC Life LongPreviously it has taken support from 50MA and some price action can be seen again at the MA also a old trendline support is at same area. we can consider a long trade in this stock for a first target of 8-9% and 15-16% as second target.
Elliott Wave _ HDFC LIFEThe analysis base on Elliott Wave Theory -resembles the Dow theory (HIGHER HIGH-LOWER LOW) means stock prices move in waves.
Elliott wave has two parts :
a) Impulse wave (Point 0-1, 2-3) , which net travels in the same direction as the larger trend, always shows five waves in its pattern.
b) Corrective wave (Point 1-2, 3-4) , on the other hand, net travels in the opposite direction of the main trend.
Five waves move in the direction of the main trend, followed by three waves in a correction (A,B,C).
In HDFC Life, 5th waves may give upside movement of 20%. Currently stock is consolidating - buy the dip.
Opportunity for Swing Trade in Hdfc LifeHdfc life quite trading in zone from last year. Good opportunity to buy here, following the trend.
Buy near 670
SL 643
Target 705 / 720 / 730
A right angle triangle breakout on the daily chart of HDFC Life The decreasing triangle breakout indicates that the selling pressure is decreasing gradually. So it has a very high success rate. Be invested for one or two months and for the targets to be achieved. Enter when you see good volumes also
EXPECTED BREAKOUT IN HDFC LIThe stock is respecting its crucial support level and trying to bounce from the support level.
Buying setup can be created with strict SL and TARGETS
HDFC Life Long opportunityNSE:HDFCLIFE
Hello People!
HDFC life as you can see is stuck in a channel.
I see a really good opportunity here as there is a high probability for a swing reversal.
I have three major reasons for entering this trade. First is purely the price action i.e the stock being at the bottom of the channel and might be taking a swing up from here.
Second is the presence of a good weekly 50 EMA.
The third is the presence of a strong support zone
Also, the Risk to Reward ratio is too good to ignore here.
It would be great if you let me know your views on this!!
HAPPY TRADING!!
*STRICTLY NOT A BUY CALL*
SWING IDEA: HDFC LIFEFalling wedge - Prolonged Retracement- Falling wedge again- Consolidation at resistance.
Manage your risk properly!
Watchout for trendline breakout. Go long for a target of 725-741.
HDFCLIFE has faced resistance 3 times. The support zone looks strong and there could be a possible reversal from there.
Go long only after a breakout and once the price crosses the 680 mark. Support from 200EMA gives extra assurance.
Keep an eye on volumes as well.
*For educational purposes only.
hdfc life SHORT & LONGall level mentioned in chart, keep 1% sl and 5% trg both side, buy above 785 and sell below 755
HDFCLIFE TRADING IN A RANGE FROM JAN 2021. CAN IT BREAK ?????HDFCLIFE trading in range price range of 657 to 746 from January 2021. It has completed 7 months of consolidation on daily chart.
The range may break once price touches 200 EMA after 6-8 months of consolidation as per my price behavior analysis.
HDFCLIFE seems to be recoveringNSE:HDFCLIFE had been consolidating for so long time. I think it's coming out of it and can show 680 levels soon.
HDFC Life Bullish BiasnessHourly TF is indicating bullishness which is evident from RSI trending up
Stop Loss 650s levels
Target 1 700s levels
Target 2 730s levels
Hdfc LifeHdfc Life - Cmp 685.20
The stock is looking good for long at cmp with 670 sl on closing basis. Targets are marked on the chart.
Reason :
1. Re testing and taking support at the falling trend line.
2. Favorable risk reward ratio.
3. Bullish divergence.
HDFC LIFE RANGE TRADE - LONGSIMPLE RANGE TRADE
MFI RISING
SQZMOM TURNING BULLISH
VIX FIX COULD SIGNAL END OF CORRECTION ANY MOMENT NOW
TARGETS - 700, 730, 745
SL UPON BREAK OF CURRENT SUPPORT (ON EOD BASIS)
