supply or short??????hdfc life is forming rounding top on hourly chart at 670 it will become perfect short candidate with stoploss of 700 and for target of 636 with nearly risk reward of 1:1. still learning please rectify if wrong.
HDFCLIFE trade ideas
Target Done| 5% in 5 Days| HDFCLIFE Hit the like button if you liked the idea
—- Trade was given on 25th January’2021 —-
Trade is closed in profit on 1st February’21
Sold @ 710
Bought @ 675
Lot size = 100
Profit booked = 3,500 (5%)
HDFC LIFE if sustain above 677 Gann level then can go 780+ HDFC LIFE is taking good support of 180 degree Gann level i.e 677 if sustain above it then can go upto 780+
Hdfc Life - Budget PlayOne of the fastest growing life insurance players in our country. If as rumoured the govt plans to increase spend on health and health insurance this stock could potentially life off significantly.
How i would play this on budget day...
As the dow closed deep in the red friday i expect this stock to open down..ideally open around 662 and once it bounces above 670 again i would look to initiate a long. SL 647.
Pls remember this involves too many if's and buts and is subject to a positive budget else i'd exit at a moments notice..The key here will be to be nimble and respect stops.. If the stock moves 2% also above my buy price on budget day i wouldnt hesitate to shift my stoploss to 660.
HDFC Life - BuyWhen there is a sale in market, we need to find best among the best
Have found something interesting for this week
HDFC Life:
Higher High - Higher Lows formation
Weekly Trendline support is around 660
Portfolio quality stock
HDFCLIFE | Gann AnalysisHDFCLIFE | A Portfolio Stock | Gann Analysis
This stock recently made an all time high of 731 (near Cube number 729), which also happens to be a strong trend line resistance
Strong support is placed between 643 and 665 levels | A good accumulation zone
Above 743 would be a confirmation of breakout for higher Gann levels 757 / 771 / 784 / 799 / 813 / 827 / 841 / 900 / 961 / 1000
Level 643 is a very strong support and has acted multiple times in the past
Below 621 could be a possibility of correction OR a down move
Important support levels below 621 are 599 / 576 / 529 / 512 / 496 / 452
HDFCLIFE In 5th WaveDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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HDFCLIFE looks to be making Ending diagonal in which it is expected go up in zig zag moves towards 750-850 levels. It's not yet confirm if its ending diagonal.
3rd wave ended near 1.618 level and 4th was sideways correction reaching 0.382 fibonacci levels.
Entry 650-620 Stop loss 555
Most likely 5th will get extended and move beyond 850 in medium to long term.
Previous analysis based on price action Inverse head and shoulders shared with target 950. Check below for previous analysis link
In my holding my analysis can be biased towards upside so do your own study before investing.
HDFCLIFE - SWING | Golden OpportunityHDFCLIFE is a fundamentally quality stock and is giving 3rd opportunity to be added in portfolio if missed in November and December.
After making Inverted Head n Shoulder in November and rising to life time high ,stock tested the rising Trendline(purple) in December. Now again stock is falling to test the same TL. It can fall up to 657..647 levels in a day or two before bouncing off to ATH soon. Keep in radar !!
Buy HDFCLIFE for swing!HDFCLIFE is near a strong support of 670
And some positive news is expected to come after the budget in the Life Insurance Sector. And HDFCLIFE being the leader of the segment is likely to see some good gains in this Budget session.
Buy @ 680
Tgt @ 710
Sl @ 660
Disclaimer: For Educational Purpose Only...
Head and Shoulder Pattern in HDFCLIFE sell below 702If HDFCLIFE breakout the support and trading below 702 then possible further downfall in this stock up to 675. Only Short position if trading below the head and shoulder support.
HDFCLIFE INTRADAY SETUP Retracement at Demand zone and Ascending trendline
Expected Targets 711 & 714 with SL of 696.80
Disclaimer- Encouraging you to do your own analysis as well before taking any trade.
HDFCLIFE - Head & ShouldersHead & Shoulders pattern forming on Hourly Chart of HDFCLIFE. SELL 702-700, SL 717.1, Target(s) - 685-6, 680-1. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
#Hdfclife cash : Looks good support at 685-688#Hdfclife cash
18.01.2021
Looks good support at 685-688
Cmp 694
HDFCLIFE | Small momentum for 8-10%HDFCLIFE | Small momentum for 8-10%
CMP : 678 (Can buy upto 665)
SL : 655
Target : 735 / Open
We are chasing up this stock from 540 zone and related charts already posted, this just one more opportunity to enter into the momentum
Almost 1:5 risk reward setup.
