HDFCLIFE trade ideas
HDFCLIFE - Long view for Educational purpose onlyThe stock has moved above its major support area and is trading above the next support area of 674 levels.
We have a strong bullish candle on the daily time frame.
Kindly refer below mentioned trade details for study only.
BUY
ENTRY 700
STOP LOSS 691
TARGET 723
PROFIT 2556
LOSS 1000
QUANTITY 111
On the lower side
SELL
ENTRY 670
STOP LOSS 680
TARGET 639
PROFIT 3100
LOSS 1000
QUANTITY 100
Head & Shoulders pattern in HDFC_LIFE.This stock is heavily traded by computers as it forms quite unusual consolidations and unidentifiable patterns, although while lurking into its chart for awhile, I saw a pretty clear head & shoulders(which indicated a bull run inbound). This thread isn't really a forecast but just for a small record that how we can earn from algorithmic traded stocks. Just look for typical supply and demand zones, and ride the trend when you can, though your profit margins wouldn't be much, however a big lot size would do the trick.
-Happy Trading !!!
HDFC LIFE INSURANCE (LONG)HDFC Life insurance is following trendline beautifully
Taken support at 650-675-700
Buy near 720
Buy more to Avg out at 675-700 if it comes
Safe to buy between 675-700 only
Keep SL 650
Tgt 759-775-800-1000+
Please do analyse yourself also on charts. It is for educational purpose only. Must consult with your financial advisor before investing.
HDFC LIFE BREAKOUT STOCK 20/10/21HDFC life is Trading Just ABOVE 1.19% DMA
and in 15 min Time Frame it is Trading in FLAG PATTERN
and Yeaterday it had Broken Falling wedge
Levels for 20/10/2021
buy above 705 TGT-1 709 TGT-2 711 TGT-3 713 TGT-4 715 Max 720 (Week TGT-738/750)
sell below 702 TGT-1 699 TGT-2 696 TGT-3 693 TGT-4 690 Max 685 (Week TGT-686/673)
Accumulation in HDFCLIFEHDFCLIFE is a pretty bad stock from a fundamental perspective. But from the VSA we can see that the institutions are finding some value in it. It's almost debt-free and has reported 513cr of income from some other source. It's in a testing phase. It would be a really good buy if there's a sudden upthrust.
HDFCLIFE - Pullback TradeThis is excellent timing for a trade-in HDFC life, considering the stock did a breakout a few weeks ago and then started pulling back to the immediate support.
Last week stock formed at spinning candle at the support zone: 717- 725.
Currently, the stock is trading around 729, and if it sustains 700 levels, it mostly is then moving towards 788 and 833 in the coming weeks and months.
Type of Trade: Long -Positional, Pullback trade.