HDFCLIFE witnessed a breakout from a horizontal trendline and extended gains to a high of 581.
Due to the sharp rise, there was a profit booking, and the price might retrace to the breakout levels , which would now act as a support zone (565-568).
This retracement can be a good opportunity to long in the stock with a good risk reward.
Due to the sharp rise, there was a profit booking, and the price might retrace to the breakout levels , which would now act as a support zone (565-568).
This retracement can be a good opportunity to long in the stock with a good risk reward.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.