HDFC Life is one of India’s leading life insurance companies, offering a range of individual and group insurance solutions that meet various life stage needs of customers. The products include Protection, Pension, Savings & Investments, Health, etc.
|Stop Loss (SL)||Rs.635|
|Target Price||Rs.720 – Rs. 750|
|Time Horizon||2-4 Weeks|
Long term trend is up in this stock. The stock has continuously been making a higher top and higher bottom formation on the daily chart. The stock has also given a breakout from an inverted head and shoulder pattern on the weekly chart which is bullish nature. After a moil correction prices are taking support from its 50 Day EMA. Increase in volume and positive diversion from oscillator indicate that it can move higher from current levels so one can accumulate the stock between (Rs 670-675) With a stop loss of Rs. 635 on closing basis and respected target seems Rs 720-750. Time frame should be 2-4 weeks.
Source: Capitaline Database, EWAL Research
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