HDFCLife formed a double bottom and created a bullish engulfing candle on daily time frame on 4th Jan. The stock is trading near demand zone and if holds these levels, we expect to see a good upside.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
Buy from cmp to 637
easy tg 642
sl close below 633
tg2 - 650
Not suggested
Disclaimer : This is my personal analysis for study purpose not intended for trading.
HDFCLIFE has formed a doji and looking to break the channel. Is looking bullish from here and expecting a upmove with breakout of 15% from this price.
RSI, Volume and price action indicates bullish breakout.
Trend is neutral
Net Sales of 46,513cr has grown at 56.23%
Pat has grown at 20.84%
PE is too hot and high at 93.43%
mutual fund stake has increased from 4% to 4.66%past quarter
stock is a good buy at 520-560
Wait for the dip
this is the zone pending orders
of the big institutions or smart are
pending.. we are looking to join them
when the or if the price comes down to this
zone.. so that pending orders of the
institutions and our buy orders will get
executed.. rally base drop set up.. only for edu purpose
📊 DETAILS
Sector: Life & Health Insurance
Mkt Cap: 143,675 cr
HDFC Life Insurance Company is engaged in carrying on the business of life insurance. The Company offers a range of individual and group insurance solutions. The portfolio comprises of various insurance and investment products such as Protection, Pension, Savings,(Source : 202003 Annual Report...
Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadening Pattern
📌 Symbol/Asset: HDFCLIFE
🔍 Description: Stock is making broadening pattern. We can see huge upisde in the stock.
Its a Buy on dip stock.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Big green candle on on daily chart
Channel breakout
Target 1: 726
Target 2: 745
Target 3: 775
Disclaimer: This is just my observation for information purpose only ,kindly do your analysis before investment.
Witness the journey of HDFC Life Insurance through its complete history. Study the chart attentively, and you might glean valuable insights.
From a technical perspective , HDFC Life Insurance is signaling another breakout after a substantial consolidation phase. Anticipating a move towards, and potentially beyond, its all-time high.
Consider a swing low...
In the realm of technical analysis, the 75-minute timeframe chart of HDFC Life has unveiled a compelling Elliott Wave setup. A closer inspection of the recent retracement indicates a potential Wave 4 correction in progress. Let's delve into the Fibonacci relationships inherent in this labeling.
Wave 2 retracement was contained within the vicinity of 50%, while...
Stock is rising in an impulsive manner from Oct'23 low of INR 600.75 of which 3rd wave is already concluded at INR 695 and currently stock is correcting lower in wave-4. As per the current price action stock has taken a support on the upper boundary of the Impulse channel 1-2 and is hovering above 38.2% Fibbonacci retracement zone which is likely to hold in the...
HDFC Life Insurance Coming to retest 653 Level. In this Area already buyers occupied that mean Price could bounce from this level (650 to 660). After this Effect Price can touch 743 level.
One of those stocks which has frustrated its owners since IPO...
Many gave up on it but recently its shown some strength..
Long above CMP with a 5% SL..
It could see resistance at 735 but above that there is a good move possible on the upside.
