Lets see:
HDFC Life:
A rounding bottom candlestick pattern is clearly visible in 3 year technical chart of HDFC life.
If Important positional support of 510 is positively breached and sustained then we for consecutive session then we may see stock making new highs.
RSI of 68+ also suggest that stock may be soon entering overbought territory and we may see bull enter aggressively once mentioned resistance is sustained.
MACD of positive 1.80 also suggest that trend is positive and we may see positive trend to continue if it increases.
Immediate Support at 500--481
Immediate Resistance at 520-540
One May look foe dips to build long term position for high return potential.
Entry Zone 510--500
Stop Loss 480
Target 540+
MORE WILL UPDATE SOON!!
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