HDFC Life: Retest of H&S Pattern

Classical BO failure example. The stock broke out a inverted H&S pattern and now coming to retest the same pattern BO levels.

Retracing to a round level of 600 which will be the exit levels for BO buyers.

Good for long term here. It MAY bounce back from this level.

Entry: 580-595

SL: 500
Target: 740

Disclaimer: Not a buy or sell recommendation. Please consult your financial adviser before investing.

Komen:

pattern is in formation but no confirmation till now. Waiting for a double bottom or Inverted H&S pattern to get Entry.

Dagangan aktif:

Pattern is in making. Any closing above 600 would trigger entry

Dagangan aktif

Komen:

SL can now be trailed to new swing low which is 555.