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If HDFCLIFE breakout the support and trading below 702 then possible further downfall in this stock up to 675. Only Short position if trading below the head and shoulder support.
HDFC life Looking GOOD on Chart
Note: This is for educational purpose only.
There seems to be a bullish engulfing at resistance turned support post first pullback. RSI at 58 which indicates some bullish momentum.
TG1 = 670
TG2 = 795
TG3 = 705
Short Sell (if Support Breaks)
TG1 = 628
TG2 = 615
TG3 = 594
Inverted head and shoulder/Cup and handle Breakout on HDFCLIFE Target-1 735 Target-2-950