HDFC life - Major support zone

I honestly dont know how the above 5L taxation on insurance premiums will affect insurance players..
For me only the HNI ULIP plans will get hurt.. (i dont know how much contribution this makes anyways)
So this one is purely technically..

The stock has done down on larger than normal volumes and now sits at a key support level.
In the near future if this gets broken..it cold then fall down a further 20-25%.. (I doubt it happens next week) but watch this stock over the next month esp if your holding it.


Ps: I don't even know how to fundamentally value it so not going to say its a value buy or where it can be a value buy..