HDFC LIFE – Technical Explained (Intraday View)
- Trend Analysis Your chart shows:
🔵 Primary Trend (Short-Term): Price is moving inside a rising channel (purple zone).
Higher-lows trendline is intact (blue line).
Momentum is positive unless price breaks below this trendline.
👉 Trend Bias: Mild Bullish
- Key Support Levels These are levels where BUYERS react:
Support 1: ₹760
Support 2: ₹754
Support 3: ₹748 (Major support — channel bottom)
If price holds above 760, buying pressure continues.
- Key Resistance Levels These are SELLER zones:
Resistance 1: ₹773
Resistance 2: ₹780
Resistance 3: ₹787–790 (Major supply zone)
Price needs a breakout above 780 to continue upside.
- Intraday Setup – Buy Side When to Buy?
When price bounces from channel bottom (blue line).
When price holds above ₹760 support.
🎯 Targets (Upside) T1: ₹773
T2: ₹780
T3: ₹787
🛑 Stop-Loss SL (safe): ₹758
SL (aggressive): Below ₹754
➡ Profit Side: If it stays above 760, buying gives better profits because trend is rising.
- Intraday Setup – Sell Side When to Sell?
Price rejects from 780–787 zone.
Or breaks below the trendline and below 754.
🎯 Targets (Downside) T1: ₹760
T2: ₹754
T3: ₹748
🛑 Stop-Loss SL: Above ₹780
➡ Profit Side: Selling gives profit only if price breaks the rising trendline.
⭐ Which Side is More Profitable? ✔ Buy Side (Long) is more profitable right now Because:
Price is inside an up-channel
Higher lows are respected
Support is strong at 760
As long as price holds above 760 → Long side is safe & profitable.
📌 Summary Table View Direction Entry Targets Stop Loss Intraday Buy Long Above 760 773 / 780 / 787 758 / 754 Intraday Sell Short Below 754 760 / 754 / 748 780
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