There is a strong SZ on Daily wkly and monthly in HDFC life
One can take entry @ 619/620
Strictly follow SL @645
T1= 577
T2= 550
Further can trail it ...
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Stock is trading at 28% discount from all time high levels.
HDFC Life (Daily):
1. Made Higher Highs and Higher Lows
2. Reversal from 78.6 Fibonacci Levels
3. Positive Crossover of 5,13 Days Exponential Moving Average
4. Gave Breakout with good volumes from the range
5. Targets-560, 595
Addl Points:
1. FII/FPI have increased holdings from 30.12% to 30.45% in...
HDFC Life has been in a correction for over 6 months.
RSI and price made positive divergence, and price consolidated for a few trading sessions at the low level.
Yesterday's big green candle has broken out but has average volumes.
if the price sustains above the upper level marked on the chart, it will be a good buy for swing trade.
SL- Low of the breakout...
HDFCLIFE
Buy-Above 530
Sl-500
T-563 600 650+
A short term bounce can be seen above 530. The stock ha been in a decline phase since Sep 2021. Sl will be last swing low near 500.
20/03 educational purpose only
buy on dips, cmp 530.80
sl below 519.20
targets around 540 / 564 & 575
can buy 545 ce with SL according to risk capacity
The stock has taken a support arount 500 and crossed over its down trend crossing previous lower high and closing around 530
waiting for retest/strong volumes around 530
INTRADAY : ENTRY ABOVE 533 Tg1 543 Tg2 548 SL 526
SWING: ENTRY ABOVE 533 Tg1 545 Tg2 562 SL 523
