HDFC life :
Reasons/Traits :
* Bullish Bat formation can be seen
* It can also be called as Bear Pattern 1-2-3 (Entry stop loss marked); 1:2/3/4 can used as risk reward if it follows
* Price took support @ 0.786 fib retracements levels
* Price also took support @ 200 EMA while 20 EMA cuts 50 EMA from top
* Falling RSI, Stoch and MACD
What can happen next :
Scenario 1 : Price sustaining above 694 level can take it to 700/710/720/740/760/775 levels
Scenario 2 : Price break down below 682 levels can take it 670/656/644 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Please do like and share this idea. Thanks
Reasons/Traits :
* Bullish Bat formation can be seen
* It can also be called as Bear Pattern 1-2-3 (Entry stop loss marked); 1:2/3/4 can used as risk reward if it follows
* Price took support @ 0.786 fib retracements levels
* Price also took support @ 200 EMA while 20 EMA cuts 50 EMA from top
* Falling RSI, Stoch and MACD
What can happen next :
Scenario 1 : Price sustaining above 694 level can take it to 700/710/720/740/760/775 levels
Scenario 2 : Price break down below 682 levels can take it 670/656/644 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Please do like and share this idea. Thanks
Comment:
Scenario 1 ... first 3 targets hit..
Comment:
Scenario 2 ... first target hit
Comment:
see how the support and resistance levels are respected by the trend... amazing..