2024-06-26 10:42:45 am | Source: Religare Broking
Stock of the day : HDFC Life Insurance Ltd. For Target Rs.620 - Religare Broking
HDFC Life Insurance Ltd.
* HDFCLIFE showing sign of potential trend reversal as its has recorded a breakout from trend reversal pattern.
* In the last session, stock rebounded higher taking support near the neckline of the pattern with strong surge in volumes.
* Around the similar juncture it has support of its short term moving average i.e. 20 EMA denotes momentum in place.
* Traders can consider fresh longs in the mentioned range
BUYHDFC Life Insurance Ltd. CMP 590.95 Range 589-592 SL 575 Target 620
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