HDFCLIFE | Potential Symmetrical Triangle breakout trade

STOCK TREND - Sideways to Bullish

MULTI TF ANALYSIS
==================
MONTHLY - Price is trading near ATH
WEEKLY - [2-3] Week Consolidation near ATH
DAILY - Symmentrical Triangle breakout near ATH


TECHNICAL ANALYSIS
===================
Symmentrical Triangle breakout with Volume and RSI confirmation

Stock Price is trading above [50, 100, 200] SMAs
RSI > [60]
VOLUME > [20] MA
Support/Resistance Zone - [761.20 - 775.65]
Demand Zone - NA


FUNDAMENTAL ANALYSIS
======================
Compounded Sales Growth - [-4%]
Compounded Profit Growth - [15%]
Stock Price CAGR - [34%]
Return on Equity - [12%]

Note: The stock is currently little overvalued as Stock PE(92.7) ~ Industry PE(77.3).


TRADE DESIGN
=============
ENTRY - [768]
SL - [730]
TARGET - [874]
RRR - [1:3]+

Disclaimer: This chart study is for educational purpose only. Kindly trade at your own risk.