HDFC Life: Retest of H&S Pattern
Updated
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.
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.
Note
pattern is in formation but no confirmation till now. Waiting for a double bottom or Inverted H&S pattern to get Entry.Trade active
Pattern is in making. Any closing above 600 would trigger entryTrade active
Note
SL can now be trailed to new swing low which is 555.
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