HDFC Life Recovers Post-Quarterly Results
Topic Statement: HDFC Life has shown a strong recovery after posting a 14% QoQ growth in Q3 earnings, with the stock taking support at the 61.8% retracement level and breaking above its down trending channel, indicating a trend reversal.
Key Points:
1. Company reported a 14% QoQ growth in 3rd-quarter earnings.
2. Price took heavy support at the 61.8% retracement level.
3. Price jumped by 8% after the results, creating a gap.
4. Candle closed above the down trending channel, signaling a trend change.
Key Points:
1. Company reported a 14% QoQ growth in 3rd-quarter earnings.
2. Price took heavy support at the 61.8% retracement level.
3. Price jumped by 8% after the results, creating a gap.
4. Candle closed above the down trending channel, signaling a trend change.
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