HDFC LIFE Harmonic

HDFC LIFE is in a critical stage. In DTF after a sharp correction it has stopped making new low and started higher low formation. In last 4 days it has gone through a major correction. If it closes below 537 in DTF then ABCD will be activated and it can correct upto 501–495, which could be a good point to go long for the stock. RSI in DTF is close to the 40 mark support indicating a strong bounce back. In that case XABCD will be activated and the first target is 617 and second target is 690.