HDFC Life Insurance Company Ltd

NSE :HDFCLIFE   BSE :540777  Sector : Insurance

Technical Outlook on HDFCLIFE:

On Friday 03-Sept-2021, HDFC Life Insurance corrected 3.25% on NSE and closed at 734.40.

Stock on the Daily charts in trading above all Major exponential moving averages i.e. 10-20-50-100-200 which suggest long term and short term trend for the stock is still positive and there is more room for upside in the stock. As Stock broke trendline resistance on upside and now it will act as stock support for the stock

On Correction we recommend accumulating stock. For Short term traders stock is best buy around 715-725 level with stop loss placed below 700 and targets on the upside are 800- 850 in the next 30-60 Days.