Wedge Breakdown in HDFC Life
On 4 hrly chart there is a wedge formation, and breakdown
with higher than average volume and good breakout candle with very small negligible wicks
The low of breakout candle was broken in the next candle
The retest of wedge support line is also done, it is visible that support has turned into resistance
keep SL above the breakout candle
SL 686, Tgt 635
with higher than average volume and good breakout candle with very small negligible wicks
The low of breakout candle was broken in the next candle
The retest of wedge support line is also done, it is visible that support has turned into resistance
keep SL above the breakout candle
SL 686, Tgt 635
Trade closed: target reached
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