HDFC Life – Range Reversal Attempt but Weak Follow-Through
HDFCLIFE is trying to recover but still looks range-bound with weak momentum.
Price recently bounced from the 750–755 zone, but candles show indecision and buyers unable to hold highs.
The green short-term 10DEMA is above the medium-term 20DEMA, signaling an early bullish attempt, but the slope is flat—showing momentum is not strong.
The last few candles are tight, showing supply near 768–772.
Support: 750 / 742
Resistance: 770 → 785
If price closes above 772 with volume, a short-term upside move towards 785–800 is possible.
But a close below 755 can again drag it into weakness.
Bias: Cautious bullish but fragile trend.
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