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By EquityPandit

HDFCLIFEMARKET OUTLOOKSTOCK OUTLOOK

Hdfc Life Outlook for the Week (August 21, 2023 – August 25, 2023)

Hdfc Life
Hdfc Life
Hdfc Life closed the previous week on a negative note losing 3.33%.

Technically, Hdfc Life share price will see immediate support at 615.80 and immediate resistance would be seen at 637.05.

If Hdfc Life share price closes below immediate support of 615.80, then sharp breakdown can be seen. Hdfc Life share price will see major support at 605.65 for the week.

700.00700.00690.00690.00680.00680.00670.00670.00660.00660.00650.00650.00640.00640.00630.00630.00620.00620.00610.00610.00Jul 7Jul 7Jul 12Jul 12Jul 17Jul 17Jul 20Jul 20Jul 25Jul 25Jul 28Jul 28Aug 2Aug 2Aug 7Aug 7Aug 10Aug 10Aug 16Aug 16Reversal Level 634.07SellSell

On the positive side, immediate resistance will be seen at 637.05. Closing above 637.05, Hdfc Life share price will see a sharp breakout. Major resistance for Hdfc Life share price will be seen at 648.15 for the week.

Trading range for Hdfc Life share price for this week should be between 594.55 on down side and 658.30 on up side.

Hdfc Life Previous Week High: 638

Hdfc Life Previous Week Low: 616.75

Hdfc Life Previous Week Range: 21.25 Points

Hdfc Life share price support and resistance for the week (August 21, 2023 – August 25, 2023)

Level Type Value
Resistance 3 658.30
Resistance 2 648.15
Resistance 1 637.05
Support 1 615.80
Support 2 605.65
Support 3 594.55

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