HDFCLIFE Break and sustain above parallel line .if break this small consolidation level then you can add in Buy watch list.
Price - ₹587.50 Dt. - 03-11-2020 The price is near the support line placed at ₹584.15. 21DEMA is ready to cross the 50DEMA from below within 2-3 trading sessions. If opens in green then it will be the buy signal. If the stock fell then it can try to touch the 21DEMA. RSI is neutral and MACD has given the buy signal.
HDFC LIFE has reversed trend and broken a trendline with above avg volume.
Keep it simple, good breakout with good volumes. Looking for 600+
HDFC Life may soon give a breakout.
Im not an expert im just sharing my views on HDFC LIFE for tomorrow Im not responsible for any profit or loss this is not a recommendation
HDFCLIFE POSITIONAL VIEW FOR LONG TERM
HDFCLIFE (D):- 540,buy on dip hdfc life made h&s pattern for target 600(OCR) or 646.4 with sl of 510₹. BB CONTRACT SOMETHING COOKING BIG MOVE WILL COME SOON + COMPRESSION DONE.. #Disclaimer:-I just shared view for only educational purpose.
Yesterday close is below trendline. Low of right shoulder is the next key level to watch.
Inverse Head & Shoulder pattern is clearly visible in HDFC life.
HDFC Life closing at support with a bounce back from previous day fall. Will it breakout the Flag Pattern? Keep an eye.