HDFCLIFE gave a small base BO on daily time frame and now today we can observe a 21/50 EMA cross as well.
Another thing in support of this scrip is that its RS score in 750 stock universe has been rising week over week for the past 4 weeks. Data is as follows :
23rd Feb - 10
1st Mar - 14
7th Mar - 26
15th Mar - 33
Only con here that i can think of is that there is supply overheard in the chart and the RS score even though on a rising slope is pretty weak when considered overall. There might be better opportunities that we can look into.
Another thing in support of this scrip is that its RS score in 750 stock universe has been rising week over week for the past 4 weeks. Data is as follows :
23rd Feb - 10
1st Mar - 14
7th Mar - 26
15th Mar - 33
Only con here that i can think of is that there is supply overheard in the chart and the RS score even though on a rising slope is pretty weak when considered overall. There might be better opportunities that we can look into.