HDFC Life Insurance Company Ltd view for Intraday 25th April #HDHDFC Life Insurance Company Ltd view for Intraday 25th April #HDFCLIFE
Resistance 715 Watching above 716 for upside movement...
Support area 700 Below 705 ignoring upside momentum for intraday
Watching below 698 for downside movement...
Above 705 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
HDFCLIFE trade ideas
BUYING SWING TRADE HDFC LIFE Last week HDFC LIFE presented Q3 result , which looks good compare to last Quarter, HDFC life had corrected nearly 45% from its recent high and consolidating near buying range. OUR research initiated BUY rating from current levels.
BUY RANGE : 620-625
STOPLOSS : 578
TARGET : 678-700
REWARD:RISK : 2:1
HDFCLIFE Trading Above Fresh Demand ZoneHDFCLIFE is currently trading at ₹623, above its fresh demand zone between ₹608 and ₹600, established on 8th July 2024. This zone has not yet been tested, indicating potential buying interest if the price revisits this range. Investors may watch for a pullback to this level for possible entry opportunities.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
Upside price movement Can start in Hdfc Life insurance According to Elliott wave analysis, Price is all set to start its wave 3 till 1000rs first target.
Fundamentals are supporting its technicals so its perfect time to buy in price range 620 to 650
Date 20 dec 2024
1=Balance sheet- good, 3 on 3
2= a= sales, profit- increasing, highest this year
b= employee & staff expense- increasing
c= interest- 0
d= profit before and after tax- highest
3= Investor - fii/dii are there, public has only 6%
4=Credit Rating = AAA
5= General details
a= Market cap=1,33,600cr
b= pe=79 ,median pe= 91, industry pe=53.4
c= ROCE=6.6 , ROE=11.4 , Debt = no
Amazing Fundamentals.
HDFCLIFE--@Trendline RetestThis stock previously broken the trendline strongly
Now price is near to its trendline retest area.
While breaking the trendline price leaves a demand zone .
We have to look for potential buying opportunities in this stock for long side continuation.
Demand Zone lies at 605 Levels.
Look for buying in this stock.
SWING IDEA - HDFC LIFE INSURANCE HDFC Life Insurance , one of India's leading life insurance companies, is showing strong technical signals for a swing trade.
Reasons are listed below :
750 Zone Breakout : This level has been tested several times and the stock is now poised to break out, indicating potential upward momentum.
Breaking Consolidation Zone of 3.5+ Years : The stock is emerging from a prolonged consolidation phase, which could signal the start of a new bullish trend.
Highest 52-Week Close : It recently achieved its highest close in the past 52 weeks, reflecting strong market sentiment.
Trading Near All-Time High : The price is approaching its all-time high, showing that the bullish momentum is intact.
Trading Above Weekly 50 and 200 EMA : This reinforces the positive outlook, with the stock maintaining its position above key moving averages.
Target - 870 // 990
Stoploss - weekly close below 660
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@visionary.growth.insights
HDFCLIFE: Elliott Wave Signals Reversal or Breakdown? Understanding the Current Setup
The chart reflects a corrective Elliott Wave structure (ABC pattern):
Wave A: Initial decline from the peak of ₹764.40.
Wave B: Pullback to a resistance zone after Wave A.
Wave C: Continuation of the downtrend, nearing a potential completion zone or liquidity zone around ₹670-680.
The stock is currently consolidating near this Wave C completion zone, signaling a possible reversal to the upside.
Trade Setup Explanation
Bullish Setup:
Logic: If Wave C concludes within the Liquidity Zone (~₹670-682), an upward reversal is anticipated toward the first target zone at ₹772-786.
Entry Point: Enter after a clear breakout or reversal signal (e.g., bullish candlestick, trendline breakout, or volume spike).
Targets:
- Target 1: ₹772-786.
- Target 2: Further upside based on price action.
Stop Loss: Below the Wave C lower boundary (~₹635).
Bearish Setup (Alternate Scenario):
Logic: A breakdown below ₹635 suggests further downside.
Entry Point: Short on confirmation of a breach below ₹635.
Target: Next support zone at ₹564.
Stop Loss: Above the Liquidity Zone (~₹680).
Technical Analysis Insights
Fibonacci Levels: Wave B retraced deeply (likely 61.8%-78.6% of Wave A). Wave C aligns with extensions (1x or 1.618x of Wave A).
Liquidity Zone: The ₹670-682 zone is a demand area where institutional buying might occur. Look for bullish candlestick patterns for confirmation.
Target Zone: ₹772-786 is a key resistance area, ideal for profit-taking in a bullish scenario.
Stop-Loss Placement: Logical stops are set below the invalidation levels (~₹635 for bulls, ~₹680 for bears).
Prediction and Plan
Primary Scenario (Bullish): Wave C completes in the Liquidity Zone, leading to a reversal targeting ₹772-786.
Alternate Scenario (Bearish): Breakdown below ₹635 invalidates the bullish outlook, with potential downside to ₹564.
Educational Takeaway
Elliott Wave Application: Highlights an ABC correction and potential reversal.
Risk Management: Use stop losses at key invalidation levels to minimize risks.
Confirmation Tools: Enhance reliability using indicators like RSI divergence, MACD crossovers, or volume spikes.
Patience: Wait for price action confirmation before entering trades.
This structured plan ensures adaptability to both bullish and bearish scenarios while maintaining disciplined risk management.
HDFC Life Insurance Company view for Intraday 25th Nov #HDFCLIFEHDFC Life Insurance Company view for Intraday 25th Nov #HDFCLIFE
Resistance 690. Watching above 695 for upside movement...
Support area 680 Below 688 ignoring upside momentum for intraday
Support 680 Watching below 679 for downside movement...
Resistance area 690
Above 688 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
HDFCLIFE Trading Within Fresh Demand Zone of ₹689.4-₹678.5HDFCLIFE is currently trading at ₹690.3, which is within its tested demand zone ranging from ₹689.4 to ₹678.5. This zone may attract buying interest, providing potential support for the stock. Investors can watch for price stability or upward movement from this range to gauge entry opportunities.
HDFC Life Insurance Company Ltd for Intraday 30th October #HDFCLHDFC Life Insurance Company Ltd for Intraday 30th October #HDFCLIFE
Resistance 745. Watching above 746 for upside movement...
Support area 730. Below 730 ignoring upside momentum for intraday
Support 730.Watching below 729 for downside movement...
Resistance area 745
Above 690 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Bullish on HDFCLIFE - A resilent stock in the midst of the crashHDFC Life is showing good bullish traction.
Stock has been consolidating since Sep-'24.
It has give a breakout this week, did a re-test of the zone and has held it which shows good strength.
RSI is super Bullish on all High time frames which indicates momentum.
I have taken a Long position and maintained SL around 715 level.
Target would be 860.
Not a recommendation. This is my view.
HDFC Life Insurance view for Intraday 17th October #HDFCLIFE HDFC Life Insurance view for Intraday 17th October #HDFCLIFE
Resistance 730. Watching above 731 for upside movement...
Support area 720. Below ignoring upside momentum for intraday
Support 720..Watching below 719 for downside movement...
Resistance area 730....
Above ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
HDFC Life Insurance Company Ltd view for Intraday 1st October #HHDFC Life Insurance Company Ltd view for Intraday 1st October #HDFCLIFE
Buying may witness above 726
Support area 720. Below ignoring buying momentum for intraday
Selling may witness below 711
Resistance area 720
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
HDFC Life Insurance Company LtdHDFC Life Insurance Company Ltd is up for a third straight session today. The stock is quoting at Rs 723.5, up 1.74% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.3% on the day, quoting at 25867.5. The Sensex is at 84684.03, up 0.17%. HDFC Life Insurance Company Ltd has slipped around 0.3% in last one month.
HDFC Life Insurance Company Ltd view for Intraday 20th SeptemberHDFC Life Insurance Company Ltd view for Intraday 20th September #HDFCLIFE
Buying may witness above 708
Support area 696-700. Below ignoring buying momentum for intraday
Selling may witness below 696
Resistance area 705-708
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
HDFC Life Insurance Company Ltd view for Intraday 17th SeptemberHDFC Life Insurance Company Ltd view for Intraday 17th September #HDFCLIFE
Buying may witness above 708
Support area 695. Below ignoring buying momentum for intraday
Selling may witness below 695
Resistance area 705-708
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
HDFC Life Insurance view for Intraday 9th September #HDFCLIFE HDFC Life Insurance view for Intraday 9th September #HDFCLIFE
Buying may witness above 745
Support area 732. Below ignoring buying momentum for intraday
Selling may witness below 732
Resistance area 745
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
HDFC LIFE Insurance Company Ltd view for Intraday 5th September HDFC LIFE Insurance Company Ltd view for Intraday 5th September #HDFCLIFE
Buying may witness above 762
Support area 749-750. Below ignoring buying momentum for intraday
Selling may witness below 749
Resistance area 760-762
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point