HDFCLIFE trade ideas
HDFC Life - Parallel Channel - Swing Trade - Elliott Wave - LongHi Guys,
HDFC Life chart moves in the direction on Parallel Channel with Elliott wave.
The script was in the Swing Low.
Go for Long:
Buy Above - 670
SL - 665
Target 1 - 690
Target 2 - 725
Target 3 - 755
Disclaimer: Kindly do your own analysis before executing the trade.
HDFC Life- Cup and HandleHDFC Life forming Cup and handle in 2 hour chart but needs to reclaim 50 EMA on daily basis with volumes to get confirmation.
Red Bull power required if thats an ABC flatDescribed in the chart. Its coming up against resistance lines . But can be good option trades
HDFCLIFE Position Trading Rising Wedge Patterneducational purposes only!!!
HDFCLIFE Falling Down , Confirmation Fundamental Financial year End,
Technical - Rising wedge Pattern,
Breakout Done .
Reversal Confirmation - Dark Cover Candle
Just Sharing Idea Don't go t invest the Amount Cross Verify,
HDFCLIFEThis analysis is been done on 15 minutes TF. CMP 696 INR
A long position could be taken if 700 INR is crossed.
Once 700 INR is sustained the target is 710 / 721 INR, a resistance zone.
If the above resistance is taken out on upside then targets could be 729 / 734 / 744 INR
If the stock breaks down from the resistance zone, then it could take support at 714 INR or 726 INR
Please note that this analysis is based on my own study and experience in the market and it is strictly for educational purpose with no profit motive, hence please consult your financial advisor before you take any position, I will not be held for any losses.
Thank you
Happy Trading.
Bullish harami pattern at bottom of channel then bullish candle After downtrend this script formed Bullish harami pattern followed by bullish candle will it sustain ?? if todays high is breached then will upmove otherwise check W pattern
Parallel Channel in HDFC LifeSupport and Resistance : Traders could open a long position when a stock's price reaches the ascending channel’s lower trend line and exit the trade when price nears the upper channel line. A stop-loss order should be placed slightly below the lower trend line to prevent losses if the security’s price abruptly reverses and also vice versa .
Breakouts : Traders could buy a stock when its price breaks above the upper channel line of an ascending channel . It is prudent to use other technical indicators to confirm the breakout. For example, traders could require that a significant increase in volume accompanies the breakout and that there is no overhead resistance on higher time frame charts
Breakdowns : Before traders take a short position when price breaks below the lower channel line of an ascending channel , they should look for other signs that show weakness in the pattern. Price failing to reach the upper trend line frequently is one such warning sign. Traders should also look for negative divergence between a popular indicator, such as the relative strength index ( RSI ), and price. For instance, if a stock’s price is making higher highs within the ascending channel , but the indicator is making lower highs, this suggests upward momentum is waning.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Question on HDFCLIFESTOCK BROKE OF Trendline
Now new small support of 672
Major Support for the stock is near 643
One can accumulate now.. add on dips till 643
SL 600 on closing basis..
Medium term outlook
HDFC Life: Cup and Handle FormationHDFC life has created a cup and handle pattern on hourly chart and ready to see 800 levels now.
All levels are mentioned on the chart.
Early Entry: CMP
Best Entry: Just wait for a breakout above 724 levels and retest.
Safe entry: 700 levels.
DISC: This is for educational purposes. Please consult your financial advisor before making any bet.
Crucial Levels On HDFCLIFEKeep An eyes guys.
See levels on 1Hr Chart,
allthough there is tringal Downtrend is formed,
but i think this levels are crucial may be u can see breakout either up side or downside .....
#Support levels -678,670
if support levels of 670 break then i can see big fall till 640,630
#Resistance Levels -691,703
HDFC Life Lokks like a Trend ReversalAcc to the char and candle stick it looks like a trend reversal in short term
HDFC LIfe long playLong opportunity persists if supports respected levels and once sustains 716.1 levels for at least 2 trading sessions.
#Hdfclife cash : Looks good above 710.10#Hdfclife cash -Positional call
16.03.2021
Looks good above 710.10
and more above 715.10
stoploss 700
Tgt 728/748
Cmp 703.05
