HDFCLIFE
Buy Hdfc Life Insurance --Long Term Investment IdeaIt is a Weekly Timeframe Analysis for long Term Purpose.
Buy Hdfc Life near 625-650 Stoploss 540 Target 960
Pattern : Inverse Head & Shoulder Pattern. Retest area 625-650 Zone
Target is calculated on the basis of Pattern Structure i.e. Low of Head to Breakout Point
HDFC Life - Long Swing Time Frame PickHDFC Life has seen a breakout from triangle pattern in weekly timeframe.
We will get aggressive once the stock crosses 700, till then smaller quantities / SIP can be done.
All levels marked on chart.
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HDFCLIFE getting good resistance at 690 levelsNSE:HDFCLIFE is getting good resistance at 690 levels after 2 days of consolidation. It will take some serious buying to break 690 and sustain the same. Day before yesterday, we say good buying but that helped it to sustain in 680s range after standard life's bulk selling.