HDFCLIFE | A Portfolio Stock | Gann Analysis
- This stock recently made an all time high of 731 (near Cube number 729), which also happens to be a strong trend line resistance
- Strong support is placed between 643 and 665 levels | A good accumulation zone
- Above 743 would be a confirmation of breakout for higher Gann levels 757 / 771 / 784 / 799 / 813 / 827 / 841 / 900 / 961 / 1000
- Level 643 is a very strong support and has acted multiple times in the past
- Below 621 could be a possibility of correction OR a down move
- Important support levels below 621 are 599 / 576 / 529 / 512 / 496 / 452
Comment:
Bounced from strong support 665.