HDFC LIFE - Inverted Head and Shoulder HDFC Life has given a breakout from Inverted Head and Shoulder pattern in weekly charts. Looks great for all time highs.
HDFCLIFE trade ideas
INVERSE HEAD AND SHOULDERFORMATION OF INVERSE HEAD AND SHOULDER
PAPER TRADING
accumulate till 544 with sl 527
BREAKOUT ABOVE 646
TARGET 1000
HDFCLife : Inverse H&S Pattern TargetsHDFClife is trading at the trendline at 645. This is the 4th attempt to break 650 levels and if it breaks, this stock might slowly move up towards 730 in short term. Long term we can see 950 levels.
For this pattern to work, it has to close above 650 on daily basis.
Buy once the breakout is confirmed and retests 650 level for the targets of 730 short term.
HDFC LIFEIf it sustains 663 level in next two trading sessions, then the next achievable target would be 697+
Scenario 2: if it reaches 683 today (19-11-2020), then it shall retrace back to 670's and then try to move up 697+
HDFC LIFE - inverted head and shoulderAn inverted head and shoulder pattern formed over a span of one year. Stock fell to 320 levels and back to 600 odd levels. a perfect break out and entry point for a substantial upside of 300 points. consider buying for 950-1000 levels. Ideal risk reward ratio. Exit if 600 is broken and closes below it.
HDFCLIFE Big breakout in weekly chartInverse H & S Pattern breakout in weekly chart and making new life time high.
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HDFC LIFE INSURANC Daily Bearish Butterfly Earlier this same Pattern given good reaction on Type1 entry
now price when again come into PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL & after getting confirmation within 3-5 price bars with Bearish candle and RSI Below 70 with low volumes set up becomes valid
POTENTIAL SELL
HDFC LIFE INSURANCEHDFC LIFE INSURANCE LONG POSITION REVERSE HEAD AND SHOULDER POSIBLE 4 TIME RESISTANCE TOUCH RESISTANCE WEAK
Hdfc Life (A Simple Channel Breakout Strategy)Hdfc Life is in a channel formation and might be a good candidate for a Channel breakout Trade.
HDFC LIFE - AVWAP acting as Laxman RekhaHDFC Life - AVWAP posing a strong resistance line. Notice the divergence in AD Line too. Not enthused until it crosses the AVWAP with Volumes.
Disc: Not a SEBI Registered. I post charts for my own study.
HDFC LIFE INSURANC 1HRDaily & 4HR BEARISH GARTLEY + 1HR Deep Crab @1.902XA FORMING STRONG Potential reversal Zone
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
HDFC LIFE INSURANC 4HRCONFLUENCE OF DAILY & 4HR BEARISH GARTLEY ZONES Strong POTENTIAL REVERSAL ZONE
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
