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.

 

Company HDFCLIFE
Recommendation Accumulate (Rs.670-Rs.675)
CMP Rs.677.95
Stop Loss (SL) Rs.635
Target Price Rs.720 – Rs. 750
Time Horizon 2-4 Weeks

 

hdfc-life-techno-funda-graph

 

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

 

DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014

Elite Wealth Ltd. does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Advisors Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as read more


For Daily Share Market Updates, Daily debt market review, Market Research Analysis reports, Weekly Techno-Funda Report, Fundamental Analysis Report, Monthly Recommended stock Picks, Equity Trading Tips, Upcoming IPO/NFO/Bonds/Ncd’s updates & other related information Subscribe our research plan