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.
We have launched “PRORSI” Trading mobile application providing you the best trading ideas. Download now from Play store or IOS.

Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
www.prorsi.com
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.