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HDFC Life (HDFCLIFE) – Daily Chart | Smart Money Concepts
After a sharp correction from the Premium Zone (~₹780), price has now entered deep into the Discount Zone.
In Smart Money Concepts, the Discount area is where institutions often accumulate for the next move higher.
Key observations from the chart:
Multiple bearish BOS + CHOCH confirming the correction phase
Price testing the upper boundary of the Discount block
Recent Bear Wicks showing liquidity sweeps
Strong horizontal support cluster visible around current levels
My Swing Trade Setup (High R:R Idea):
🎯 Entry Zone: ₹548 – ₹558 (current Discount area) 🛑 Stop Loss: ₹532 (below Discount structure – strict) 🎯 Target 1: ₹620 – ₹640 (previous resistance) 🎯 Target 2: ₹680 – ₹700 🎯 Target 3: ₹740+ (back towards Premium Zone)
Risk : Reward → 1:2.5+ on T1 | Much higher on full targets
This is a conditional setup. I’m waiting for bullish displacement or a CHOCH to the upside for confirmation before adding size. No blind buying in falling market.
Risk Management is non-negotiable – small position size only.
This is my personal technical view for educational purposes only. I am not a SEBI registered investment advisor. Do your own research. Trade responsibly.
What’s your take on HDFC Life at these levels? Reversal or more downside? 👇
#HDFCLife #HDFCLIFE #NSE #SmartMoneyConcepts #TechnicalAnalysis #ICT #StockMarket #Business_Fraise
3 977
HDFC Life (HDFCLIFE) – Daily Chart | Smart Money Concepts
After a sharp correction from the Premium Zone (~₹780), price has now entered deep into the Discount Zone as per LuxAlgo SMC.
In Smart Money Concepts, the Discount area is where institutions often accumulate for the next move higher.
Key observations from the chart:
Multiple bearish BOS + CHOCH confirming the correction phase
Price testing the upper boundary of the Discount block
Recent Bear Wicks showing liquidity sweeps
Strong horizontal support cluster visible around current levels
My Swing Trade Setup (High R:R Idea):
🎯 Entry Zone: ₹548 – ₹558 (current Discount area) 🛑 Stop Loss: ₹532 (below Discount structure – strict) 🎯 Target 1: ₹620 – ₹640 (previous resistance) 🎯 Target 2: ₹680 – ₹700 🎯 Target 3: ₹740+ (back towards Premium Zone)
Risk : Reward → 1:2.5+ on T1 | Much higher on full targets
This is a conditional setup. I’m waiting for bullish displacement or a CHOCH to the upside for confirmation before adding size. No blind buying in falling market.
Risk Management is non-negotiable – small position size only.
This is my personal technical view for educational purposes only. I am not a SEBI registered investment advisor. Do your own research. Trade responsibly.
What’s your take on HDFC Life at these levels? Reversal or more downside? 👇
#HDFCLife #HDFCLIFE #NSE #SmartMoneyConcepts #TechnicalAnalysis #ICT #StockMarket #Business_Fraise
3 977
#ITC given few days back respecting my given support level and trading near bottom...
