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HDFC Life (HDFCLIFE) – Daily Chart | Smart Money Concepts After a sharp correction from the Premium Zone (~₹780), price has now entered deep into the Discount Zone. In Smart Money Concepts, the Discount area is where institutions often accumulate for the next move higher. Key observations from the chart: Multiple bearish BOS + CHOCH confirming the correction phase Price testing the upper boundary of the Discount block Recent Bear Wicks showing liquidity sweeps Strong horizontal support cluster visible around current levels My Swing Trade Setup (High R:R Idea): 🎯 Entry Zone: ₹548 – ₹558 (current Discount area) 🛑 Stop Loss: ₹532 (below Discount structure – strict) 🎯 Target 1: ₹620 – ₹640 (previous resistance) 🎯 Target 2: ₹680 – ₹700 🎯 Target 3: ₹740+ (back towards Premium Zone) Risk : Reward → 1:2.5+ on T1 | Much higher on full targets This is a conditional setup. I’m waiting for bullish displacement or a CHOCH to the upside for confirmation before adding size. No blind buying in falling market. Risk Management is non-negotiable – small position size only. This is my personal technical view for educational purposes only. I am not a SEBI registered investment advisor. Do your own research. Trade responsibly. What’s your take on HDFC Life at these levels? Reversal or more downside? 👇 #HDFCLife #HDFCLIFE #NSE #SmartMoneyConcepts #TechnicalAnalysis #ICT #StockMarket #Business_Fraise