Date : 14-Mar-2024
Rating : Buy - Positional Trade
LTP : Rs. 622.25
Targets: (1) Rs. 648 --> (2) Rs. 710 --> (3) Rs. 746 --> (4) Rs. 775
SL : Rs. 600
Technical View:
• NSE:HDFCLIFE is in its primary uptrend since Mar-2023.
• From Dec-2023 to Feb-2024, It was going through secondary down trend within primary uptrend.
• NSE:HDFCLIFE has broke out from...
HDFCLife formed a double bottom and created a bullish engulfing candle on daily time frame on 4th Jan. The stock is trading near demand zone and if holds these levels, we expect to see a good upside.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
HDFC LIfe Insurance Short Term Long Trade Idea
Buying levels: Best Buying/Accumulation Zone between 644 to 655
Stop loss below 639
1st Target 677 t0 685
2nd Target 700 Plus
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only...
