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.
HDFC Life is currently in a short-term downtrend, with a recent swing low of 619.40. Swing traders can look to sell HDFC Life at 619.40 for a target of 606, which is the next major support level.
Trading strategy:
Sell HDFC Life at 619.40 for a target of 606.
Place a stop loss order above the recent swing high of 622.10.
Please note that this is just a...
After forming a neat cup and handle (C&H) pattern, HDFC Life has retraced to its C&H breakout level, forming a re-entry point. Check the chart.
Disclaimer : Not a recommendation for study purpose only.
Go Long above 505.1 for Targets of 552.4, 599.7 and 647 with SL 457.8
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Hammer...
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Symmetric Triangle
📌 Symbol/Asset: HDFCLIFE
🔍 Description: Stock is in a consolidation and making Symmetric triangle. We might see hige upside after breakout
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider...
