HDFCLIFE. Inverse Head and Shoulder
Updated
HDFCLIFE.
An inverse Head & Shoulder is visible on the daily time frame. The neckline is around 630-640 region. One should wait for the price to break the slanting trendline and then enter for the targets of 700 (short term) and long term target of 850 (according to Inverse Head & Shoulder).
An inverse Head & Shoulder is visible on the daily time frame. The neckline is around 630-640 region. One should wait for the price to break the slanting trendline and then enter for the targets of 700 (short term) and long term target of 850 (according to Inverse Head & Shoulder).
Note
Now start trailing your stop loss above cost around 670. It's gonna perform really well if the markets do not show any sharp correction.Trade closed: target reached
Book 50% and trail rest with SL @680
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.