HDFC LIFE (Will the Highly Valued Stock come faltering down ?)
HDFC Life has consolidating since it last tested its all time high of around 650 levels and has been forming a triangle. Currently the Price seems to be heading towards the support line of the triangle. A breach of 565 levels (A support zone and the support line of the triangle might take the price down even further. However don't bet against it reversing. It is even possible that post test of the 565 levels the triangle is respected and the price reverses with the formation.
Should be an interesting trade in case it breaches or reverses.
Checkout SBI Life as well you might see something similar.
Should be an interesting trade in case it breaches or reverses.
Checkout SBI Life as well you might see something similar.
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