Div_Trader

HDFCLife : Inverse H&S Pattern Targets

Long
Div_Trader Updated   
NSE:HDFCLIFE   HDFC LIFE INSURANC
HDFClife is trading at the trendline at 645. This is the 4th attempt to break 650 levels and if it breaks, this stock might slowly move up towards 730 in short term. Long term we can see 950 levels.

For this pattern to work, it has to close above 650 on daily basis.

Buy once the breakout is confirmed and retests 650 level for the targets of 730 short term.
Trade active:
Broke out of 645-650 levels and went towards 675. Now retesting 645-650 levels again. Must not close below this levels on daily basis.

Targets remain same.
Trade active:
Go long around 630 with a stop loss of 615. Targets 645 and 680+


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