HDFCLIFE rallying towards 715.NSE:HDFCLIFE has started rallying towards 700. I hope it shows 710 soon.
HDFCLIFE trade ideas
HDFC Life to take long entryBuy HDFC life @ 695 TGT 730 SL 680. Stock taken support & higher probability to touch the resistance area. RSI forming +Ve divergences. Good risk to reward trade.
This is for your educational purpose only.
HDFCLIFE seems to showing good momentum but volumes are lessNSE:HDFCLIFE seems joining rally club but volumes are not seeming enough to sustain higher levels. Let's see what kind of candle we get tomorrow.
Long HDFClife for targets 700 +HDFC life has strong support at 680 levels, the risk reward is very good at this stage for targets 700 + shortly.
Elliot wave bullish setupBuy around 670 for target 705
wait for bullish bar o hourly
SL below signal bar....
HDFC Life - Long Swing Time Frame PickHDFC Life has seen a breakout from triangle pattern in weekly timeframe.
We will get aggressive once the stock crosses 700, till then smaller quantities / SIP can be done.
All levels marked on chart.
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
HDFC Moving to Support within Channel - Time for SHORT HDFC Moving to Support within Channel - Time for SHORT at 650!
MACD moving high gaps to downtrend
Move short and trade along the trend!
HDFCLIFE - some serious profit booking seenSome serious profit booking is seen in NSE:HDFCLIFE today. Volumes are also high. Seems like some big player is exiting from it's big position.
Wait for the breakoutWait for the breakout and retest before entering the trade.
Trade with discipline.
Good luck.
HDFCLIFE getting good resistance at 690 levelsNSE:HDFCLIFE is getting good resistance at 690 levels after 2 days of consolidation. It will take some serious buying to break 690 and sustain the same. Day before yesterday, we say good buying but that helped it to sustain in 680s range after standard life's bulk selling.
#Hdfclife cash : Looks good above 700.10#Hdfclife cash -Advance positional call
30.06.2021
(Hdfclife bounce possible)
Looks good above 700.10
Stoploss 680
Target 740/780 in 2 months
Cmp 686.30
HDFCLIFE trying to sustain it's 690 levelsNSE:HDFCLIFE is trying to sustain it's 690 levels today but again volumes are low in comparison to yesterday. Let's see what happens by the end of the day. If it sustains 690 levels then very soon we will again see 710 levels.
Good buying seen in HDFCLIFENSE:HDFCLIFE can sustain it's 690 levels despite Standard Life selling. Look at volumes, immense buying is visible.
Elliott Wave - Impulse with 5th wave extensionWhen ever if we see a 5th wave extending . We need to look at the following 1. Slope of wave 1 > wave 2 > wave 3 .
1.So trend channel will look like a megaphone pattern .
2. Wave 4 has to be deep becoz wave 4 will behave like wave 2 .
3. wave 5 may be 1:1 frm wave 1 to 3 extended from the end of wave 3 . (More on this later with a good example)
But most important
1. THE EXTENDED WAVE 5 SHOULD BE RETRACED BY AT LEAST .618% very fast and furious .
2. WAVE 5 SHOULD NOT BE COMPLETELY RETRACED IF THE IMPULSE HAS TO CONTINUE FURTHER .
So that way you will know stoploss . We will discuss trading edges later as I use 20/50 EMA and most top Ichimoku Kinko Hyo . I have sent a time cycle on this chart based on Ichimoku .
So price action tomorrow is extremely important .
Regards
More than normal profit booking is seen in HDFCLIFEVolume candle is showing more than normal profit booking in NSE:HDFCLIFE . The way it's coming down it can take intermittent support around 700 levels. It will take some bigger candles to break it's 720-725 levels.
Uptrend channelHDFC Life is in an uptrend channel and after taking support, it is now showing bullish momentum and going towards the resistance of the channel. Can be bought now for a target of 790. CMP-725
The holding period will be around 1-2 months.
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Happy Trading :)
HDFCLIFE HDFCLIFE (W):- 725.95 CMP, LOOKS GOOD FOR MORE UPSIDES :)
1) Rectangle Breakout Soon :)
2) Volume Contraction
