Upside price movement Can start in Hdfc Life insurance According to Elliott wave analysis, Price is all set to start its wave 3 till 1000rs first target.
Fundamentals are supporting its technicals so its perfect time to buy in price range 620 to 650
Date 20 dec 2024
1=Balance sheet- good, 3 on 3
2= a= sales, profit- increasing, highest this year
b= employee & staff expense- increasing
c= interest- 0
d= profit before and after tax- highest
3= Investor - fii/dii are there, public has only 6%
4=Credit Rating = AAA
5= General details
a= Market cap=1,33,600cr
b= pe=79 ,median pe= 91, industry pe=53.4
c= ROCE=6.6 , ROE=11.4 , Debt = no
Amazing Fundamentals.