India's HDFC Life, Strides Pharma see bullish breakout pattern

Strides Pharma Science

23/12/2022 06:18

** Shares of HDFC Life  HDFL.NS  and Strides Pharma
 SRID.NS  witness golden crossovers, a technical indicator that
suggests bullishness
    ** Golden crossover is bullish breakout pattern formed when
a stock/security's short-term moving average rises above
long-term moving average
    ** HDFC Life's 50-day moving average (555.77 rupees) rose
above 200-day moving average (554.24 rupees) on Thursday and has
remained so since then
    ** Strides Pharma's 50-day moving average (332.96 rupees)
rose above 200-day moving average (331.88 rupees) on Thursday
    ** Shares of HDFC Life and Strides Pharma were down 0.10%
and 0.82% on Friday amid a weak market
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))