HDFC Life - How to trade today
Buy only above 607.35 marked by white
horizontal line with SL 604.15 marked with
red line. Red line is a very strong support now. Resistance is 637.
Today is must trade day.
If red line is broken keep SL
at white line and target is sky blue line at 594.
Keep a watch on this candle for future trend
4-19-24 11:30 AM
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
HDFCLIFE trade ideas
HDFC Life - How to trade today
I am repeating the notes as mentioned on the chart for the purpose of ease of reading. Please use RSI to get best result along with information provided here.
1. Previous swings have been shown in the
chart by way of a triangle.
2. Potential swings have been reflected by way
of trend lines.
3. Present Resistance at 637.05
4. Buy above 604.1
5. SL 594
6. Target open.
9. First Target 637. Those in short position
should exit immediately.
10. Long term Target 850
11. Be watchful of candle 4-18-24 1:18 PM today.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
HDFC Life - Live Market Analysis [/url
Buy HDFC Bank after 12:37 p.m. and hold for next 4 days. If holding capacity is not there, buy on next trading session with SL of 597 (since tomorrow is trading holiday)
Disclaimer:
I am not a registered analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Thank you
HDFC Life - How to trade today
I have repeated some of the notes on the chart for the purpose of ease of reading as under
611.3 is the SL
Buy Above 618.4
Target 634
At present option chain has major resistance at 640 which may exist till Tuesday.
Stock has total expected ATR of 17 points today.
Further, the stock has completed its downwards movement and is due for long term upwards movement now I have not shown it today but and target is 825.
Trade between
4-15-24 9:50 AM
4-15-24 2:17 PM
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
HDFC Life: Retest of H&S PatternClassical BO failure example. The stock broke out a inverted H&S pattern and now coming to retest the same pattern BO levels.
Retracing to a round level of 600 which will be the exit levels for BO buyers.
Good for long term here. It MAY bounce back from this level.
Entry: 580-595
SL: 500
Target: 740
Disclaimer: Not a buy or sell recommendation. Please consult your financial adviser before investing.
HDFCLIFE 21/50 EMA Cross [DAILY]HDFCLIFE gave a small base BO on daily time frame and now today we can observe a 21/50 EMA cross as well.
Another thing in support of this scrip is that its RS score in 750 stock universe has been rising week over week for the past 4 weeks. Data is as follows :
23rd Feb - 10
1st Mar - 14
7th Mar - 26
15th Mar - 33
Only con here that i can think of is that there is supply overheard in the chart and the RS score even though on a rising slope is pretty weak when considered overall. There might be better opportunities that we can look into.
HDFC LIFE LONG MAR SERIESThe setup in HDFC LIFE for next one
month :-
1. On 4hr time frame chart layout, MACD crossed centre line, stock can be considered in uptrend.
2. RSI is above 55, can be considered bullish.
3. On weekly time frame, the reversal seen due to formation of bullish candel.
4. Stock trading in a range beyween 560 and 590 which is a signal of bottom down of the stock.
5. STOCHASTIC is in a uppet trajectory which is signal of uptrend likely to start.
So, 650 levels can be seen in the stock, in Mar series, so 580 call option or 600 call option looks good.
HDFC LIFEAs per daily chart of the stock, the following is noticed :-
1. Crossover of MACD on daily chart.
2. Revershal from support line 562.
3. 4hr chart layout is very impressive, the MACD is just below centre line can cross with good price action.
4. Good volume on 05 Feb 2024.
5. Retested Monthly levels.
- So on the day of good openeing in the morning, one look for call options or can buy in cash with SL 560 for target 620, 650, and 700 in coming days or week.
HDFC LIFC DOUBLE TOP- Double top pattern formed in weekly chart
- 3 black crow formed on jan 2 week to 4th week
- since no bullish candle formed to cover jan 4th week candle so still it is in bearish trend
- EMA crossover also found
-
It is just a view, please trade at your own risk. I'm not SEBI registered adviser
HDFC Life Insurance Company Ltd. ( 22% upside potential)
Sector: Life & Health Insurance
in daily chart, PA in sell to buy zone and structure looks great to accumulate...
accumulate in daily demand zone with strict SL 565....
And hold if price strongly sustain above 620 levels for the above resistance levels 650/675/710 ...
HDFC Life Insurance simple price action analysisAs per Price Action theory, we have 3 reasons to buy NSE:HDFCLIFE for Long Term.
1. In HTF price is Creating HHs and HLs, that is a confirmation of an uptrend.
2. Channel Formation.
3. LTF trend change signal formed due to the break of an LH and an HH formation.
The expectation is price will at least go up to 1136/-, which is approx. 91.99% Return on Investment from CMP.
Disclaimer: Stock trading is inherently risky and you agree to assume full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit are for information purposes only and under no circumstances should be used for actual trading.