The stock is about to complete inverse head and shoulder pattern. CMP: 627 Target: 835, 1078, 1258+ Investment opportunity.
Actually MACD will move in downward direction and Stochastic shows it clearly...Risk and Reward mentioned in the chart. Happy Diwali!!!
HDFC Life may give a good breakout soon. Keep an eye.
Price moving in a channel. Double bottom observed in consolidation phase. BO of channel above 590 can see 640. Price is near previous demand zone and support line is with standing. Breaking 645, it forms Inverted HNS and 52W High. RSI at 40 is supporting this consolidation phase. So expecting minimum chance of breakdown. Results are in line with expectation.
hdfc life is a great stock in it's sector it has huge potenials ..!! happy trading
HDFC Life can continue its uptrend with recent swing low as stop loss for intraday.
Technical Overview (Weekly Chart): On a weekly chart picture is clear, the stock price has made a lifetime high around 650 and fallen from the same levels trice. However, if we see a sequence of falls and rise, then it is clearly showing 85% completion of Inverted Head and Shoulder. Right now the second shoulder is not completed, but it is indicating rally till...
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HDFC LIFE BUY ABOVE 589 CLOSING BASIS SL 560 TARGET: 594, 605, 611, 618, 625, 632 RISKY ENTRY BETWEEN 550-560 SL 540 Posting for Educational purpose only Closing Basis means stock need to trade above 589 between 3:20 ~ 3.30 PM If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas