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HDFCLIFE, Ascending Triangle Pattern

HDFC LIFE INSURANC (NSE:HDFCLIFE)  
ssvirdi Updated   
NSE:HDFCLIFE   HDFC LIFE INSURANC
Trend Analysis Chart Patterns Technical Indicators finance financestock gmma guppy Moving Averages technicaloutlook bankingsector
5
0
trendanalysis chartpattern indicator finance financestock gmma guppy movingaverage technicaloutlook bankingsector
The price has formed an ascending triangle pattern.
The breakout of the triangular pattern will open the higher levels 600.
Resistance - 590
Support - 560

Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Comment:
The strong red candle changed the structure of the triangular pattern.
The breakdown of 558 will open the level of 538 which is about 3.60%
snapshot
Trade active:
Today we have an inverted Hammer candle.
Also the price has given the breakdown of the level 558.
The price could test the level of 538.
snapshot

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