FIVE CONFORMATIONS SETUP ON HDFC LIFE !!!
Here is my 2 cents on HDFC LIFE as why I am very bullish on the stock
1.Inverse Head and Shoulders pattern on daily and weekly time frame.
2.Decending Triangular pattern on upside, signifying continuation of major trend i.e., uptrend.
3.100 day Moving Average support.
4.3rd time taking support on the trend line.
5.Stock taking support 3rd time at 0.236 Fibonacci retracement levels ( considered as healthy retracement on an uptrend).
Personal view : Very bullish, Positional view. (ps: safe players can go long after 600 levels).
Timeframe used : Daily.
Target : 640-650 or trailing SL.
Disclaimer : These are just my personal observations, Please do your own research or consult an advisor before doing any investment or trading.
1.Inverse Head and Shoulders pattern on daily and weekly time frame.
2.Decending Triangular pattern on upside, signifying continuation of major trend i.e., uptrend.
3.100 day Moving Average support.
4.3rd time taking support on the trend line.
5.Stock taking support 3rd time at 0.236 Fibonacci retracement levels ( considered as healthy retracement on an uptrend).
Personal view : Very bullish, Positional view. (ps: safe players can go long after 600 levels).
Timeframe used : Daily.
Target : 640-650 or trailing SL.
Disclaimer : These are just my personal observations, Please do your own research or consult an advisor before doing any investment or trading.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.