VigneshvarMylsamy

HDFC Life Insurance Strong Up move expected

Long
NSE:HDFCLIFE   HDFC LIFE INSURANC

1) Channel Pattern has formed since 2020 (Multiple resistances and supports)
2) Since Aug 2021 the stock has been consolidating and given B/O in daily time frame for past couple of days with pretty decent volume
3) It has also Breaked the 200 days moving average.
4) fundamentally the books are strong with huge cash flow and comparatively lesser debt than peers


can hold for medium to long term

(My view : expecting huge up move or slight retrace and then up move)

Disclaimer : Just for education Purpose.
Caution before get in to trading.

Thanks Happy Trading :)
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