javaindian

#HDFCLIFE - Long

Long
javaindian Updated   
NSE:HDFCLIFE   HDFC LIFE INSURANC
Price moving in a channel. Double bottom observed in consolidation phase. BO of channel above 590 can see 640.

Price is near previous demand zone and support line is with standing.

Breaking 645, it forms Inverted HNS and 52W High.

RSI at 40 is supporting this consolidation phase. So expecting minimum chance of breakdown.

Results are in line with expectation.
Comment:
Just 13 points shy of first TGT
Comment:
First TGT almost reached. Trail your SL.
Comment:
Final TGT 645 ((100+ points) also achieved. Inv HNS fully formed and a new 52W High.

Can book full or Trail your SL.

Risk and Reward is all yours.
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