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HDFC LIFE INSURANCE COMPANY LIHDFC LIFE INSURANCE COMPANY LIHDFC LIFE INSURANCE COMPANY LI

HDFC LIFE INSURANCE COMPANY LI

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HDFCLIFE trade ideas

Weekly breakout in HDFC LifeHDFC Life broke out of a 6 month old downtrend (red coloured resistance trendline on chart) with decent volumes. It has also closed at a 3 month weekly closing high. The stock will move higher eventually even if the move is slightly volatile. Resistance/Target : 720-725 is a recent top and our primary resistance. Once it is taken out, the stock will target the 3 year old resistance TL (blue coloured "Long Term Resistance" trendline shown on the chart). The current level of this trendline is at 780 odd and this is our primary target. Stop Loss: Longs can be held with a WCB stop loss of 685 to 675 depending on risk appetite Good short to medium term buy with decent risk/reward.
NSE:HDFCLIFELong
by drupadk
HDFCLIFE: Double bottom Breakout!The double bottom has been formed in the last month. Stock is trending with strong relative strength in June so far... Even though Today market has retraced by heavy points, But IT, FMGC & Financial service sector always survive and surge in worst conditions Due to the dollar price have been strong after 7 member did vote in the favour of increasing the interest rates in the USA and 7% of growth has forecasted It will affect the INR currency as USDollar is going to build momentum in upcoming days and the market will lose more points if and only if FII & DII still carry on their selling strategies.
NSE:HDFCLIFELong
by rajveerscolia
3