Posted On: September 11, 2023

Stock Report: HDFCLIFE(NSE) 08 Sep 2023

Outlook: Bullish

Sector: Financial Services

Industry: Insurance – Life 

HDFC Life Insurance Company Limited is a long-term life insurance company. It offers individual and group insurance solutions such as Protection, Pension, Savings and Investment, and Health, along with Children’s and Women’s Plans. The company operates through segments namely, Participating Life (Individual & Group), Participating Pension (Individual & Group), Non-Participating Life (Individual & Group), Non-Participating Pension (Individual & Group), Non-Participating Life Group Variable, Non-Participating Pension Group Variable, Non-Participating – Annuity, Non Participating – Individual & Group Health, Unit Linked – Individual Life, Unit Linked – Individual Pension, Unit Linked – Group Life and Unit Linked – Group Pension. 

#xCalData predicts that #HDFCLIFE will continue its bullish phase over the next five days and trend within the range of 646 to 682. 

In comparison to the previous month, the price of the stock has experienced an increase of 1.86% indicating a bullish. 

The Stock has doubled once since 17 Nov 2017 and took an average of 3.2 years to double. 

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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