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By EquityPandit

HDFCLIFEMARKET OUTLOOKSTOCK OUTLOOK

Hdfc Life Outlook for the Week (August 28, 2023 – September 01, 2023)

Hdfc Life
Hdfc Life
Hdfc Life closed the previous week on a negative note losing 4.75%.

Technically, Hdfc Life share price will see immediate support at 616.18 and immediate resistance would be seen at 647.23.

If Hdfc Life share price closes below immediate support of 616.18, then sharp breakdown can be seen. Hdfc Life share price will see major support at 604.07 for the week.

690.00690.00680.00680.00670.00670.00660.00660.00650.00650.00640.00640.00630.00630.00620.00620.00610.00610.00Jul 14Jul 14Jul 19Jul 19Jul 24Jul 24Jul 27Jul 27Aug 1Aug 1Aug 4Aug 4Aug 9Aug 9Aug 14Aug 14Aug 18Aug 18Aug 23Aug 23Reversal Level 625.72BuySellSell

On the positive side, immediate resistance will be seen at 647.23. Closing above 647.23, Hdfc Life share price will see a sharp breakout. Major resistance for Hdfc Life share price will be seen at 666.17 for the week.

Trading range for Hdfc Life share price for this week should be between 585.13 on down side and 678.28 on up side.

Hdfc Life Previous Week High: 654.05

Hdfc Life Previous Week Low: 623

Hdfc Life Previous Week Range: 31.05 Points

Hdfc Life share price support and resistance for the week (August 28, 2023 – September 01, 2023)

Level Type Value
Resistance 3 678.28
Resistance 2 666.17
Resistance 1 647.23
Support 1 616.18
Support 2 604.07
Support 3 585.13

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