The setup in HDFC LIFE for next one
month :-
1. On 4hr time frame chart layout, MACD crossed centre line, stock can be considered in uptrend.
2. RSI is above 55, can be considered bullish.
3. On weekly time frame, the reversal seen due to formation of bullish candel.
4. Stock trading in a range beyween 560 and 590 which is a signal of bottom down of the stock.
5. STOCHASTIC is in a uppet trajectory which is signal of uptrend likely to start.
So, 650 levels can be seen in the stock, in Mar series, so 580 call option or 600 call option looks good.
month :-
1. On 4hr time frame chart layout, MACD crossed centre line, stock can be considered in uptrend.
2. RSI is above 55, can be considered bullish.
3. On weekly time frame, the reversal seen due to formation of bullish candel.
4. Stock trading in a range beyween 560 and 590 which is a signal of bottom down of the stock.
5. STOCHASTIC is in a uppet trajectory which is signal of uptrend likely to start.
So, 650 levels can be seen in the stock, in Mar series, so 580 call option or 600 call option looks good.