Economy

hdfc life share price: Stock Radar: HDFC Life records breakout from 200-EMA on weekly charts; time to buy?

The stock rose more than 6 per cent in a month, and nearly 17 per cent in the last 3 months, Trendlyne data showed.

Synopsis

The stock fell from Rs 775 recorded on 2 September 2021 to Rs 600 on 8 June 2022 which translates into a downside of more than 22 per cent. The 200-days EMA is placed at Rs 561 on the weekly charts.

HDFC Life Insurance Company which has fallen by over 20 per cent from its September high has managed to recoup losses and climbed back above its 200-days EMA on the weekly charts which is a positive sign for the bulls. The stock fell from Rs 775 recorded on 2 September 2021 to Rs 600 on 8 June 2022 which translates into a downside of more than 22 per cent. The 200-days EMA is placed at Rs 561 on the weekly charts. The recent price action seen

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