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By EquityPandit

HDFCLIFEMARKET OUTLOOKSTOCK OUTLOOK

Hdfc Life Outlook for the Week (August 07, 2023 – August 11, 2023)

Hdfc Life closed the previous week on a negative note losing 3.95%.

Technically, Hdfc Life share price will see immediate support at 629.20 and immediate resistance would be seen at 655.10.

If Hdfc Life share price closes below immediate support of 629.20, then sharp breakdown can be seen. Hdfc Life share price will see major support at 616.20 for the week.

700.00700.00690.00690.00680.00680.00670.00670.00660.00660.00650.00650.00640.00640.00630.00630.00620.00620.00610.00610.00Jun 23Jun 23Jun 28Jun 28Jul 4Jul 4Jul 7Jul 7Jul 12Jul 12Jul 17Jul 17Jul 20Jul 20Jul 25Jul 25Jul 28Jul 28Aug 2Aug 2Reversal Level 648.59BuyBuySellSell

On the positive side, immediate resistance will be seen at 655.10. Closing above 655.10, Hdfc Life share price will see a sharp breakout. Major resistance for Hdfc Life share price will be seen at 668.00 for the week.

Trading range for Hdfc Life share price for this week should be between 603.30 on down side and 681.00 on up side.

Hdfc Life Previous Week High: 655

Hdfc Life Previous Week Low: 629.1

Hdfc Life Previous Week Range: 25.9 Points

Hdfc Life share price support and resistance for the week (August 07, 2023 – August 11, 2023)

Level Type Value
Resistance 3 681.00
Resistance 2 668.00
Resistance 1 655.10
Support 1 629.20
Support 2 616.20
Support 3 603.30

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