BharatJhunjhunwala

HDFC LIFE: Ready to move up again, or remain sideways & correct?

NSE:HDFCLIFE   HDFC LIFE INSURANC
HDFC LIFE: The trend has been dominant up, the stock has doubled in just eight months time. During thr the last couple of weeks, the stock has been into correction. Now taking rest at the kumo. The RSI is also bouncing from the bullish oversold extreme. MACD is into bullish zone, prices are trading below the ks line, a move above the KS line will re establish bulls into the stock, however if the stock falls into the kumo then, it may drift sideways and some deeper correction may be noticed.
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Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
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