neharajpal1

HDFCLIFE trend reversal

Long
NSE:HDFCLIFE   HDFC LIFE INSURANC
HDFCLife has been retracing from its high.t.took a support on Fibonacci retracement support just above the 200 ema support..consolidating with multiple bottoms above the 200 ema .on 2nd june it went above the all the converging averages..formed an inverted bullish hammer on daily charts . Forming a descending triangle ..it might see a break out of the triangle for trend reversal and resuming its journey in longterm upward trend ..
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