After reaching a peak of Rs 710 on December 12th, 2023, HDFC Life stock experienced a 200-point range fluctuation. However, it found support above Rs 500 on June 4th, 2024. Following this, the stock rebounded sharply from a low of Rs 511 on June 4th, reclaiming key moving averages and signalling a positive trend for investors. The Supertrend indicator confirmed this bullish momentum with a buy signal on June 13th, propelling the stock to a remarkable 20% rally within a month.
