13-12-2023 09:51 AM | Source: Religare Broking Ltd
Stock of the day : Buy HDFC Life Insurance Ltd For Target Rs.745 - Religare Broking
HDFC Life Insurance Ltd
* Insurance stocks has been showing strong traction, HDFCLIFE is leading from the front.
* It rebounded higher finding support around its previous breakout zone.
* It has witnessed a breakout from multi-week consolidation range holding above its short term moving average.
* We thus recommend creating fresh longs in the mentioned zone.
Buy HDFC Life Insurance Ltd CMP 707.35; Range 706-709; SL 688; Target 745
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Pre-market comment by Deven Mehata, Choice Broking Ltd