HDFC LIFE INSURANCE COMPANY rallied up from 457.8 to 690.85 in a wave 1 structure beginning in march 2023 ending in July.2023.
However from July the stock got into a wave 2 correction and seems to have ended the very same in Oct. end.
The stock ended the wave 2 correction(technically a "flat" according to Elliot wave theory) at a very crucial support/resistance...
Indigo paints was on its top of resistance level or it was stuck on this point since 4 March it stuck at 1741-1365
Now If it breakout 1741 thn we are bullish in it
Buy Indigo above 1745
Target 1840 1903 2110 2285
Sl 1360 for longterm
Sl 1490 for short term
Nifty Futures Key Trading Levels for 4th Nov 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor...
Nifty Bank Futures Key Trading levels for 4th Nov 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial...
