HDFCLIFE trade ideas
HDFCLIFE - Bearish H&S Pattern - Intraday/Very Short TermThis analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't chase the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion
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 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.
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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