HDFCLIFE, Ascending Triangle Pattern
Updated
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.
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.
Note
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%
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.
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