HDFC LIFE INSURANCE

HDFC Life Insurance after breaking out 646 it’s pre Covid-19 High has sustained very nicely above the breakout level and we can see a nice narrow range price squeeze on the technical chart with follow up attempting a minor breakout soon. #Bullish

HDFC LIFE INSURANCE MONHTLY LOG SCALE

On the Weekly timeframe we can see an Inverse Head and Shoulder Pattern Breakout and the price has sustained above the breakout level very nicely if we try to estimate the technical target for this script so it is 950+

Weekly chart
Source- STATISTA

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PEACE.