The Stock had been in consolidation and starting to show divergence on RSI and price. Also the increase in volume at lower levels suggesting that stock is in accumulation phase and is ready for the breakout for the above mentioned targets.
------>> the stock is trending upwards.
-------->> now the price is at resistance facing some difficulty to move upwards,
---------->>broken the trendline and trading in a range, waiting for retest of supply and continue to fall down or take the help of demand zone and will again move upwards.
----------->> track this stock price from demand to go upside or...
HDFC LIFE looks good, on all the timeframes.
We could see it closed well in the last week, forming a bull candle, that closed near its highs.
Now sustaining 560 levels, it could move towards 670 levels in the coming weeks.
The stock has created a good base at the level range of 509 levels.
As you can see the stock has taken support around this area and moved upwards.
It reached a high of 775 levels before crumbling to huge selling pressures.
The stock is trying to make its way back to the top.
I have presented my views on the chart with levels that can help you take your...
The stock has moved above its major support area and is trading above the next support area of 674 levels.
We have a strong bullish candle on the daily time frame.
Kindly refer below mentioned trade details for study only.
BUY
ENTRY 700
STOP LOSS 691
TARGET 723
PROFIT 2556
LOSS 1000
QUANTITY 111
On the lower side
SELL
ENTRY 670
STOP...
