mayurdharod

HDFC LIFE - inverted head and shoulder

Long
NSE:HDFCLIFE   HDFC LIFE INSURANC
An inverted head and shoulder pattern formed over a span of one year. Stock fell to 320 levels and back to 600 odd levels. a perfect break out and entry point for a substantial upside of 300 points. consider buying for 950-1000 levels. Ideal risk reward ratio. Exit if 600 is broken and closes below it.

Trade on confirmation and not on anticipation
Believe in power of compounding
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