HDFCLIFE: Impulsive rise

9 בדצמ׳ 2023

Stock is rising in an impulsive manner from Oct'23 low of INR 600.75 of which 3rd wave is already concluded at INR 695 and currently stock is correcting lower in wave-4. As per the current price action stock has taken a support on the upper boundary of the Impulse channel 1-2 and is hovering above 38.2% Fibbonacci retracement zone which is likely to hold in the coming days. Once the price cross above 685 , that will be the final confirmation that prices have started it's 5th wave which shall take the prices towards INR 720 zone.