HDFC LIFE INSURANCE S/RSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
HDFCLIFE trade ideas
HDFC LIFE is going to blast !!HDFC life is a underperformer for Many years.
Stock is forming Broadening Pattern in a long term
We can see stock has bounced back from the support and now in an uptrend stock has formed Falling wedge
Which indicating that stock may go up from hereon
Also Stock is around the support of Falling wedge
Long term support is around 480-500 levels.
One can start accumulate the stock for good return !!
Thank You !!
HdfcLife Last Downwave before the Reversal
These are the Fresh Source Monthly Supply and its destination Monthly Demand,
After reacting to the Source Supply Price has headed downward to the Demand,
This is how Price has been coming towards the Monthly Demand and this is the last
Fresh Daily Supply, after reacting to this Price should continue the downtrend till it reaches its Destination of Monthly Demand and then Shoot up.
HDFCLIFE NEAR ENTRY LEVELSHDFCLIFE is currently trading near an Good Quality Hourly Demand Zone which is again close to an Weekly Demand Zone ( making the entry zone even more reliable).
The Opposing / Target zones T1 and T2 (both previously tested) have been marked in the image with levels and price movement should be observed around those levels.
Stop loss has not been mentioned but should be 3% from the lower level of the entry zone i.e. 562 - 3% = 545 (on closing basis in Hourly tf)
Note - Please do your own analysis before taking any kind of positions
HDFCLIFE MIGHT TAKE A U TURNHDFC life at IMP SUPPORT and it might take a possible up move with a decent stoploss and good Targets
ENTRY - 579- 580
STOPLOSS - 573.5
TARGETS- 590, 600, 620++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like it or traded it
Thankyou.
Reversal Broadening Wedge pattern in HDFCLIFEHDFC LIFE INSURANCE COMPANY LTD
Key highlights: 💡⚡
📈 On 1 Day Time Frame Stock Showing Reversal of Broadening Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Above 717+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 860+.
📈 Can Go Long in this stock by placing a stop loss Below 511-.
HDFC life at IMP SUPPORT HDFC life at best support range.
One can enter after sustaining above 580 or buy on dip at 575 or 573.
For entry above 580 STOPLOSS aat 573
For entry at 575 or 573 STOPLOSS will be at 570
( Prefer buy on dip or wait for proper reversal at given levels)
Entry - 575-580
STOPLOSS - between 570-573
Target - 590-592, 600,610++
HDFC life looks goodIn this video, we have seen the hdfc live a short history from which level it started The level it hit and the levels which we are expecting in coming days. We have provided few levels for entry. We have also provided few stop losses Other than that, we have provided few targets in this video . Please go through the video And if you have any question, now, please feel free to ask or send me a message. I will try my best to answer those questions. Thank you everyone
HDFC LIFEi have plan to take position for long term (SIP)
Thanks to everyone for follow and appreciate....
Happy Profitable trading ......
Octafx copy trade :BidaskeyTraders
Note:
This isn't financial advice, (not a buy or sell signal). This is only Knowledge sharing based on my knowledge and my risk management . Before following any ideas, do your own research and practice good risk management as of your financial status.
HDFC LIFE, Bullish, Kindly do your own studyThis stock is ready for breakout.
Price has takien resistance of trendline.
All EMAS PCO
Volume is good
Monthly strong price action and price has challenged upper bollinger band
Monthly MACD pco and above zero line
Monthly RSI is near 60
Weekly price has challenged Upper bollinger band
Weekly MACD uptick and above zero line
Weekly RSI is above 60
Weekly Stochastic PCO from oversold zone