Technical Reasons: Traingular pattern breakout and RSI close to 70 showing strength in the stock price movement.
Fundamental Reasons: Very underpenetrated and undervalued business in India. Growing awareness for insurance. Gain of market share by HDFCLIFE since last few quarters along with a good dividend payout.
Targets for short term: 720/745/770/800 with a stop loss of 670
#TradeTheTrend#TechnicalPick#PortfolioStock
Fundamental Reasons: Very underpenetrated and undervalued business in India. Growing awareness for insurance. Gain of market share by HDFCLIFE since last few quarters along with a good dividend payout.
Targets for short term: 720/745/770/800 with a stop loss of 670
#TradeTheTrend#TechnicalPick#PortfolioStock