#HDFCLIFE weekly close 705 might lead to retest of 660

#HDFCLIFE has been in a channel since mid-Dec 2020 with 655 at lower end & 730 at upper end.
Post announcement of acquisition of Exide Life Insurance it did spend some time above 730 levels with 775 as high.
However has been sideways ever since.
Close on weekly basis below 705/706 , could open the way for retest of 660 levels
706 was the IC low from which BO for 775 had occurred