HDFC Life Insurance Company Ltd - 05.12.2021
The stock is trading @ 691 levels
There is an Engulfing Bear in daily chart
The prices are below ema
Stochastic overbought in daily chart
The stock is trading under a Channel Range
Let the prices go below 687
watch out for the price action
HDFC Life looks a good buy if sustains above 706 for the marked targets until 688 is intact on a closing basis.
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InvestPro India Team
HDFC LIFE ek din market ek hi jagah pr hold kiya hai jaise hi market 740 ke up close hota hai to hmm log buye kre ge aur T1 760 baniye ge ok , aur marke niche jab aaye to is 729 level ko breack hone ke bad hmm log sell kre ge aur 200 ema fist T1 leye ge
*In a Range for many Days
If 660 Support Zone break Short Tgt Is 620
if 679 Resistance zone will break then Long TGT Will be 720
*Always Enter With good confirmation & Maintain proper Risk Reward.
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👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high...
hdfc life: weekly chart: inverse head n shoulder pattern breakout retest with neckline breakout with apnawala candle on weekly chart time to buy delivery for next 90 days. tgt 750/770/800 SL 670 on closing basis.
Formation of ending diagonal & a impulse move on lower time frame suggest that the stock is ready to get retraced fully from where it has been started. Buy on cmp with SL of 674, add on dips (if any) & look for the target of 720-25 area