SWING IDEA - HDFC LIFE INSURANCE

19小时前

HDFC Life Insurance, one of India's leading life insurance companies, is showing strong technical signals for a swing trade.

Reasons are listed below :

• 750 Zone Breakout: This level has been tested several times and the stock is now poised to break out, indicating potential upward momentum.
  
• Breaking Consolidation Zone of 3.5+ Years: The stock is emerging from a prolonged consolidation phase, which could signal the start of a new bullish trend.
  
• Highest 52-Week Close: It recently achieved its highest close in the past 52 weeks, reflecting strong market sentiment.
  
• Trading Near All-Time High: The price is approaching its all-time high, showing that the bullish momentum is intact.
  
• Trading Above Weekly 50 and 200 EMA: This reinforces the positive outlook, with the stock maintaining its position above key moving averages.
  

Target - 870 // 990
Stoploss - weekly close below 660

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