Bearish Wedge forming at HDFC Life
2 Hour chart shows a bearish wedge forming after a downtrend.
540 would be a good time to sell.
540 would be a good time to sell.
Note
Turns out the bearish wedge was true. If anyone went short at 530, you can reap profit at 410. Unfortunately, my broker does not allow short selling. Therefore I booked profits at 525.Note
Turns out price fell to 465. Now we are seeing a bullish pennant.Buy when price crosses 522, for a target of 594.
Stop loss at 495.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.