🛑 HDFC Life – Bearish Divergence Near Long-Term Resistance

🔸 Trend Context Trading within a rising channel since 2022 Recently touched the channel top (~₹810), a zone of historical rejection RSI shows bearish divergence — price made a new high, momentum did not 🔸 Price Action Strong rally from ₹620 to ₹810 However, sharp rejection at upper boundary Bears gaining control short term as divergence unfolds 🔸 Key Levels Resistance: ₹810 Support: ₹745, ₹720 Breakdown below ₹745 may accelerate correction toward ₹688 🔸 Technical Outlook ⚠️ RSI divergence is a caution flag for bulls 📉 Breakdown below ₹745 could confirm top near ₹810 🔁 If support holds, possible retest of highs; otherwise, lower levels likely 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.