HDFCLIFE | Gann Analysis

Jan 19, 2021

HDFCLIFE | A Portfolio Stock | Gann Analysis

• This stock recently made an all time high of 731 (near Cube number 729), which also happens to be a strong trend line resistance
  
  
• Strong support is placed between 643 and 665 levels | A good accumulation zone
  
  
• Above 743 would be a confirmation of breakout for higher Gann levels 757 / 771 / 784 / 799 / 813 / 827 / 841 / 900 / 961 / 1000
  
  
• Level 643 is a very strong support and has acted multiple times in the past
  
  
• Below 621 could be a possibility of correction OR a down move
  
  
• Important support levels below 621 are 599 / 576 / 529 / 512 / 496 / 452
  
  

Jan 29, 2021

Note

Bounced from strong support 665.