Hdfc life insurance

18 sept 2021

Hdfc life insurance, this stock seems to have completed wave (II) of 3, as macd in weekly turned positive above zero line, as per price action this stock has given breakout with good intensity of volume in both weekly and daily time frame, wave structure suggests that now the stock is in wave (III) of 3, as wave (III) unfolds that can possibly push stock higher price zones near 958, one can go long at these levels or in dips (if any) with stop loss of 655, all the key levels are mentioned in chart with stop-loss and targets.

Key levels are mentioned on chart

Breakout in weekly with good intensity of volume

Breakout in daily with good intensity of volume

Wave Structure in Weekly


Macd in weekly positive crossover and Uptick and also above zero line

Rsi in weekly uptick and also above 60

Rsi in daily above 60 but waiting for uptick

Dmi adx also positive with ungali setup in weekly

Price above Upper bollinger band in weekly


Disclaimer
I am not sebi registered analyst.
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing.